A new visual from the team at LLC Attorney reveals which U.S. states are seeing the highest number of small businesses started per capita. Leading the pack is Wyoming with roughly 587 new businesses. While its low population may challenge businesses like shops and restaurants, the state’s lack of corporate and personal income tax gives entrepreneurs more money to invest in their dreams.
Delaware takes second place with about 325 new businesses. The state is known for its streamlined business registration process and favorable business taxation, including no sales or investment income tax, making it a popular choice for startups.
Other high-ranking states include Montana, Utah, and Idaho, which all boast business-friendly policies. For entrepreneurs deciding where to launch, factors like tax structure, labor availability, and target customer base can make or break their plans. This map offers a helpful starting point and might help future entrepreneurs figure out their ideal location.
infographic by: llcattorney.com
