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10 Best states for starting a business

Attention libertarians! Find out where the cold, dead hand of the state weighs lightest. Rankings provided by the Small Business & Entrepreneurship Council.

Top personal income tax rate: 0%
Top corporate income tax rate: 4.5%
Property tax: 4.07%
Electric Utilities Costs †: 1.11
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
7. Texas
Boasting no personal or capital gains taxes, and low corporate income and corporate capital gains levies, Texas remains a choice destination for entrepreneurs, despite higher than average health costs. Its sheer size and diversity sweeten the deal, as does the presence of key U.S. industries, such as energy and technology. "There are many business opportunities in Texas, and the policy climate enhances that," Kerrigan says.
South Dakota Nevada Wyoming Washington Florida Michigan Texas South Carolina Virginia Alabama
Read full story here. (more)
In exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council, we looked for places low on taxes and light on government regulations. These places aren't. (more)