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.

Taxes
Top personal income tax rate: 7%
Top corporate income tax rate: 5%
Property tax: 3.11%
Energy
Electric Utilities Costs †: 0.76
Labor
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
8. South Carolina
As with Wyoming, low electricity and gas taxes help explain why South Carolina places in the top 10. While the personal income tax is high, other taxes are not. "It's a right-to-work state," Kerrigan says. "Low unemployment taxes and health care costs are real positives."
South Dakota Nevada Wyoming Washington Florida Michigan Texas South Carolina Virginia Alabama
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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)
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.