Talking about the best states for business 2011, we will need to mention more aspects that are necessary to make a business successful. A business of course can be successful in many ways. Let us see what these ways can be:
- Low taxes
- Low costs
- High income
Usually, these are the main and the most desirable characteristics of a business.
Now, let us see the states where the lowest taxes apply on business and see if how they are also suitable for making business:
Best States in United States of America for Doing or Starting Your Own Business
- South Dakota: South Dakota ranks the Nr.1 best business-tax-state in the United States. No taxes are applied here for any sort of individual or business income.
- Alaska: The most Northern state of the U.S also does not apply any sort of individual or corporate taxes. Even better, there is no sales tax in Alaska. However, the harsh climate conditions still stay, making most business activities extremely hard in this State. Therefore, contrary to the nice tax conditions, Alaska is not exactly a popular state to set up a business.
- Wyoming: The neighbouring state of South Dakota, Utah and Idaho, this state is rather famous for its agricultural activities. The taxes rules are similar to those of South Dakota, as they have no tax on incomes at all and the sales tax is between only 4-6% of the total value. However, here the property taxes are visibly higher than in South Dakota, here they can go up to 11%, which is still considered low compared to other, more popular and populated states. Wyoming is not exactly a popular state either, except for agricultural business.
- Nevada: Nevada also applies no taxes on neither individual nor corporate incomes. The Sales tax can go up to 11 % here, depending on the exact county. Apart from Las Vegas and the parts, that border California Nevada is a completely deserted state, which makes it very rarely populated in most of its areas. Though Las Vegas is huge and it has has the highest visitor rate in the world as well as making the highest income out of gambling as well. Las Vegas is still an extremely popular place to go to make business and it is also worth making it. The closeness of California makes Nevada an excellent business state.
- Texas: Texas is the biggest and apparently most controversial state within the United States. Unlike some may see, Texas have the most developed business infrastructure and possibilities, which were impossible to get in any other states. Texas is also very welcoming toward those who are up to making new business. The closeness of Mexico makes in an even appealing state for import-export business as well. The State Law of Texas forbids all sorts of taxes on incomes. The only tax is the sales tax that is around 8.5 %. Texas is great for all sorts of business especially with those in connection with computers and IT, ranching and farming, all sorts of catering, import-export and aeronautics, aerospace engineers.
We hope that this short introduction to these states and their main tax laws can be a bit of a help for you with the establishing of your business within the United States. Of course, it is never easy to start a business, but if you start it in a state, where the conditions are better for doing so, you will start with a great advantage. Therefore, all the best luck for you with your business!
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Talking about the best states for business 2011, we will need to mention more aspects that are necessary to make a business successful. A business of course can be successful in many ways. Let us see what these ways can be:
- Low taxes
- Low costs
- High income
Usually, these are the main and the most desirable characteristics of a business. Generally talking what makes a business really successful is the fact that you do or give such service which is really necessary in that area. We could also enlist the states which are the most looked for to settle down for business reasons where for sure the states Nevada, California and New Jersey would be among the first ones as also the most densely populated areas in the United States.
Now, let us see the states where the lowest taxes apply on business and see if how they are also suitable for making business:
Best States in United States of America for Doing or Starting Your Own Business
· South Dakota
South Dakota ranks the Nr.1 best business-tax-state in the United States. No taxes are applied here for any sort of individual or business income. This way salary is higher in this state. Sales tax is only 4-6 %. In other ways, South Dakota is not especially popular to live in. The climate is extreme either the summer or the winter, which makes some business especially hard to operate over here. It is a rather rarely populated state. For this reason, to make it more popular, property taxes are only 1-4% of the total value.
· Alaska
The most Northern state of the U.S also does not apply any sort of individual or corporate taxes. Even better, there is no sales tax in Alaska. However, the harsh climate conditions still stay, making most business activities extremely hard in this State. Therefore, contrary to the nice tax conditions, Alaska is not exactly a popular state to set up a business.
· Wyoming
The neighbouring state of South Dakota, Utah and Idaho, this state is rather famous for its agricultural activities. The taxes rules are similar to those of South Dakota, as they have no tax on incomes at all and the sales tax is between only 4-6% of the total value. However, here the property taxes are visibly higher than in South Dakota, here they can go up to 11%, which is still considered low compared to other, more popular and populated states. Wyoming is not exactly a popular state either, except for agricultural business.
· Nevada
Nevada also applies no taxes on neither individual nor corporate incomes. The Sales tax can go up to 11 % here, depending on the exact county. Apart from Las Vegas and the parts, that border California Nevada is a completely deserted state, which makes it very rarely populated in most of its areas. Though Las Vegas is huge and it has has the highest visitor rate in the world as well as making the highest income out of gambling as well. Las Vegas is still an extremely popular place to go to make business and it is also worth making it. The closeness of California makes Nevada an excellent business state.
· Texas
Texas is the biggest and apparently most controversial state within the United States. Unlike some may see, Texas have the most developed business infrastructure and possibilities, which were impossible to get in any other states. Texas is also very welcoming toward those who are up to making new business. The closeness of Mexico makes in an even appealing state for import-export business as well. The State Law of Texas forbids all sorts of taxes on incomes. The only tax is the sales tax that is around 8.5 %. Texas is great for all sorts of business especially with those in connection with computers and IT, ranching and farming, all sorts of catering, import-export and aeronautics, aerospace engineers.
We hope that this short introduction to these states and their main tax laws can be a bit of a help for you with the establishing of your business within the United States. Of course, it is never easy to start a business, but if you start it in a state, where the conditions are better for doing so, you will start with a great advantage. Therefore, all the best luck for you with your business!
Dear Sir,
I am doing the business since 1990, I need to know how to export the “Red Chillies” from India to other stats of USA and how should I start my trading. I don’t know any of the process for the export to other countries. So, please help me for doing this business.
Thank you…