The 10 cheapest U.S. states to start a new business, from SimplifyLLC

It is difficult to start a business, no matter where you try. Nevertheless, it can help set up a shop where, from rent and labor costs to corporate taxes – lower. If you currently live on any coast of the United States, it may mean to go abroad, according to one Recent rating Simplified online than a small business adviser.

According to Simplefilic, the cheapest US state of Utah is the cheapest US state to start a new business in 2025, which is classified to each state on the basis of business LF affordable. In the range of these factors that are considered, they include basic business costs, such as corporate income tax rates and business filing fees, cost and availability of workers, the average cost of commercial rent and utility, and the overall health of each state’s business environment.

“Beyu State” is proud of some of the lowest corporate taxes in the United States, with a high rate of 4.65 %, as well as the minimum utility costs and the minimum average annual wage is only less than 000 64,000, with plainfelt citing the US bureau’s data last month.

These figures helped to score Utah well for business for business for high -state CNBC 2024, where the state ranks 13th.

Each of the next nine states on the rating is either Western or midwestern. No one is located on the coast.

According to simplicity, there are 10 cheap states here to start a business:

1. Utah
2. South Dakota
3. Colorado
4. Wooming
5. Montana
6. Adho
7. Nebraska
8. Kansas
9. Nevada
10. North Dakota

In many cases, businessmen need loans to start a new business. Residents of Utah received $ 15.4 million of the 100,000 residents of the small business administration, which is the second largest total of the country. Colorado led the category, with $ 15.7 million in 100,000 residents.

North Dakota ranked the second cheap in the list of samples. According to St. Louis’ Federal Reserve data, its status is reinforced by the fact that it has the country’s lowest corporate tax rate, which is between 1.4 percent and 4.3 percent, and the highest rate of participation in the labor is 68.8 percent.

Simple Syphilic calculated its ranking using the Census Bureau, Bureau of Labor Statistics, Federal Reserve, National Association of Realists, SBA and Tax Foundation, so that 50 states of the country could be classified in eight types.

• Corporate income tax rate
• Business Filling Fees
• Average annual income
• The rate of participation in the Labor Force
• Percentage of adults with a minimum bachelor’s degree
• Average monthly commercial electricity bills
• Average fare by square footage for commercial real estate
• The quantity of small business loans for each capa

A Lack of money is usually the biggest obstacle Thinking about starting a new business, most potential businessmen face. This is also the most common reason why businesses fail. Experts say that is why it is important for traders to make a full account of their financial affairs – how much money the two have to spend, and how far their funds can be – before deciding when and where to start the business.

“For traders who want to start their business and have the potential to choose, it is clear that some states will allow you to save money in different business areas, which can help you get your business to the next level.”

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