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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.

Taxes
Top personal income tax rate: 5.75%
Top corporate income tax rate: 6%
Property tax: 2.96%
Energy
Electric Utilities Costs †: 0.77
Labor
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
9. Virginia
"Virginia is a terrific state to do business," says Karen Kerrigan of the SBE Council. "The state's geographical proximity to the federal government, its highly educated and high-income households, and its great policy climate play major roles in this." But one major challenge for Virginia, Kerrigan points out, is transportation infrastructure, which will have to be developed to keep pace with the state's growth. This is particularly true of suburban Northern Virginia, where numerous tech companies are based.
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)