Tuesday, September 25, 2012

Top-Ranked Locations for Startups

When looking to startup your own small business, extensive research has proven some states across the U.S. are simply made for businesses while others are not. There are many factors to consider when deciding where to create your small business, some of them can include the amount of taxes, workforce quality, the requirements for occupational licensing and the location’s history of entrepreneurial success.

The Orange County Register has an excellent article by Jan Norman that takes into account all of these factors when finding the best locations for businesses. One of the locations is the state of Oklahoma, which “ranks fifth overall in tax friendliness for new businesses according to the Tax Foundation.” Ohio is another suitable fit, with the state waiving corporate taxes for young companies, while also offering grants and loans for startup businesses. Norman also notes how Ohio is ranked third across the nation when it comes to tax friendliness. For much more information and a list of some of the better locations for your small business, check out the article here.