10 Worst States for Entrepreneurship and Small Business

Mar 9th, 2011 | By Charles L. Stanley CFP® ChFC® AIF® | Category: Featured Articles

The Small Business & Entrepreneurship Council’s “Business Tax Index 2010” ranks the states from best to worst in terms of the costs of their tax systems on entrepreneurship and small business. The Index pulls together 16 different tax measures, and combines those into one tax score that allows the 50 states and District of Columbia to be compared and ranked. Here are this year’s worst 10 state tax systems, according to the study.

Best

1. South Dakota

2. Nevada

3. Texas

4. Wyoming

5. Washington

6. Florida

7. Alabama

8. South Carolina

9. Ohio

10. Colorado

Worst

1. District of Columbia

2. New Jersey

3. New York

4. California

5. Vermont

6. Maine

7. Rhode Island

8. Hawaii

9. Massachusetts

10. Minnesota

Take a Good Look

Anyone considering the start of a new business or a company beginning to think about relocating should take a good look at this report. There serious differences at the State level regarding the costs of running a business.

To access the Index interactive map of the United States featuring highlights of all state results, please click here. To access the full Index report, please click here.