Thursday, October 11, 2007

Top US States to establish your start-up company

Maybe this sounds like an advanced topic, though it is important to think where it is best to incorporate your business once you are ready to go for it. Today, as I continue my test of FeedDemon from Newsgator, I came accross one very interesting post on one of the daily blogs that I read on entrepreneurship. It was relaying a list of top (and bottom) 10 states, from tax purposes, to incorporate a business from a report from the Tax Foundation. Apparently, and I didn't know that there even was such a foundation, they releases a yearly "2008 State Business Tax Climate Index". The Index ranks states based on the taxes that matter most to businesses and business investment: corporate tax, individual income tax, sales tax, unemployment tax, property tax, etc.

Here is the list:o

Top 10 - Best States for business
1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida
6. Montana
7. New Hampshire
8. Texas
9. Delaware
10. Oregon

Bottom 10 - Worst States for business
41. Maine
42. Minnesota
43. Nebraska
44. Vermont
45. Iowa
46. Ohio
47. California
48. New York
49. New Jersey
50. Rhode Island

Florida is there. So it seems that I am in a good place...

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