Thinking of starting a small business? Our infographic breaks down the best and worst states for business by real change in GDP, top level state income tax, and number of INC 5000 businesses. Whether you’re starting a web firm or a traditional brick and mortar business, this infographic provides highly-useful information with regard to the incorporation decision process. Local economic climates and state taxes can be a heavy burden on web startups and other small businesses. Making the right decision can save you thousands of dollars in the end; it did for us.
Additionally, certain states my have additional legislation that taxes eCommerce (especially dropshipping) and affiliate marketing businesses substantially more than other states. If you are or are looking to start a web-based firm–in any vertical–this neatly organized data will provide you with a quick breakdown of where you should be looking and what to consider when starting your small business.
Here’s the research, neatly organized for your consumption.
What do you think? Are we right on the money or way off base? Leave your comments below.
This inforgraphic was designed by Ryan Howard, Chief Strategy Architect at Complete Web Resources – SEO for Small Business. CWR helps small businesses get found on the web and provides digitial marketing refinements for large, national firms.