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Texas is 9th Best State for Small Business Taxation

January 3, 2007 - Startup Issues

Fortune Small Business recently ranked the top 10 U.S. states for small business taxation:

1. South Dakota
2. Nevada
3. Wyoming
4. Alabama
5. Washington
6. Florida
7. Mississippi
8. Colorado
9. Texas
10. Michigan

While potential tax savings should not be the sole reason in deciding where to start your business, it should play a role . Also, remember that just because you incorporate in a particular state, your company may be subject to taxation in other states as well.

For the full list, Click Here.

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About the Author: Ryan Roberts is a corporate lawyer and advises clients in a wide variety of transactional matters, with an emphasis on startup companies, mergers and acquisitions, and corporate governance. His clients have included companies in the technology, energy, real estate, health care, construction, and retail sectors. Visit his law firm's website.

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