The best states in the United States to start a business in is defined by their top level state income tax and number of Inc. 5000 companies in the state. Sitting at the top of the list is the State of Texas. This state has a 3.3% growth in GDP, 0.0% income tax rate and has over 389 Inc. 5000 companies operating from there.
Additional top states to start a business in are Utah, Georgia, New Hampshire, Oklahoma, and Idaho. All of these locations have promising GDP growth. However the worst states with highest state income tax levels are Hawaii at 11%, California at 10.55%, and Rhode Island at 9.9%. Many factors go into making a decision on the best place that will fit your individual business needs. However, this guide will provide you with some useful comparable data.
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