If you’re looking to move to a new state and start a small business, this information from Finfare can’t be missed. Their research created a small business survival index based on data on LLC fees, income and unemployment tax rates, availability of commercial real estate, and business survival rates. They used this information to color code the states on the map, ranking them on a scale of best to worst.
If you’re ready open up shop, here are the states where you’re mostly likely to be a success:
- Ohio
- Nevada
- Indiana
- Arkansas
- North Carolina
- California
- Oklahoma
- Kentucky
- Pennsylvania
- Mississippi
Something all of these states have in common are low taxes, plenty of space to open up shop at an affordable price and a good business survival rate. Each state and location have its own strengths and weaknesses, but the information collected here can go a long way in helping small business owners to make informed decisions and succeed.