Business View Magazine | December 2019

28 BUSINESS VIEW MAGAZINE DECEMBER 2019 GUEST BLOG businesses in the state of Florida? Not only is Florida one of the top areas for small businesses, the lenders in this state also grant a lot of business loans. In 2018, over $5 billion worth of small business loans were granted to Florida entrepreneurs. The corporate tax rate in the state of Florida is 5.5%. This means that new business owners get to keep more of the money they earn. Another benefit that comes with setting up shop in Florida is the low cost of living. When compared to other states like New York or California, living costs in Florida are extremely low. This state is also known to be a hotbed of tourism. This is particularly good news for new business owners who will have to depend on high levels of traffic to make a few dollars. Colorado is Where Small Business Dreams Can Come True If you are looking for lower than normal startup costs and affordable corporate tax rates, then starting a business in Colorado is a great idea. Most new business owners choose Colorado because it has one of the most educated workforces in the country. The state of Colorado has a large number of residents with a bachelor’s degree, which provides new business owners with a great pool of talent to use. With world-famous events like Denver Startup Week and various accelerator programs, entrepreneurs can find out just how beneficial starting a business in this great state can be. Colorado features a close-knit and lively bunch of business owners. This great atmosphere harbors creativity and allows new entrepreneurs to network with other like minded individuals. Make Missouri the Home of Your New Business The average business survivability rating in the United States is around 80 percent. Missouri has a business survivability rating of around 86 percent. The vast number of resources available for entrepreneurs in the state of Missouri allows them to thrive and grow. Not only does this state have a low corporate tax rate, the cost of living is also quite low. With all of the attractions in this state, business owners can also strike a great work/life balance. Don’t Rush This Important Decision Taking the time to research all of the states on this list is vital before choosing one to start a business in. The time and energy invested in this process will be worth it in the long run. Ashley Lipman Content marketing specialist Ashley Lipman is an award-winning writer who discovered her passion for providing knowledge to readers worldwide on topics closest to her heart - all things digital. Since her first high school award in Creative Writing, she continues to deliver awesome content through various niches touching the digital sphere.