It's quite simple: a stable business climate, low taxes, excellent transportation infrastructure, skilled labor, and one of the most business-friendly state governments in the country. Skilled, growing workforce with low taxes and competitive incentives, everything is bigger and better in Texas. If the opening sentence didn't warn you yet, Texas earned first place as the best overall state to start a business. The methodology for the report examined the conditions that make business creation ideal.
Some of these factors were access to capital, available talent in the workforce, and affordable office space. Texas narrowly outperformed Utah with a total score of 61.05 and earned a No. There was a time, not long ago, when many entrepreneurs flocked mainly to Delaware and Nevada to do business. Delaware has a reputation as “the corporate capital of the world due to its business-friendly corporate tax laws.
These laws have allowed the state to become the legal home of more than 1 million business entities. Nevada also has a reputation as a tax haven, as the state has no corporate or personal income taxes. It's no secret, Texas is one of the best states for small businesses. But it has more to offer than friendly rules.
Perhaps more than anywhere else, their culture, climate and lifestyle choices offer business owners and employees equal ways to work hard, earn a living and enjoy the fruits of their labor. Here are the top 7 ways Texas makes building a business an intimidating idea. Those considering moving to Texas may feel even more anxious once they calculate how the move will affect their family's standard of living and personal tax burden.