Your Detailed Review of Choosing Your Business Site Accurately in the Us #infographic

Your Detailed Review of Choosing Your Business Site Accurately in the Us #infographic

It's easy to have an idea of new businesses but it's tough to run a company. It's sometimes hard to start a new business. The delay in putting your reputation on the line and investing in your company is causing millions. According to the U.S. Labor Statistics Office, within one year 20 per cent of small businesses close, and only 50 per cent survive, and for five years only. Depending on the U.S. Today survey, there are some of the best and worst areas in the U.S. to run small business based on state policy, infrastructure, tax rates, cost of operation, total GDP and more.

5 Best places in which to start a business:

PUERTO RICO: 
This U.S. region has very low corporate income tax rates of 4 per cent. It even has a dividend income tax of 0 per cent so the firm does not have to transfer the earnings and dividends from the stocks to shareholders. One likes to pay extra taxes and if you don't want to face exemption, you could have paid too much when it comes to land. But there is 90 per cent real estate tax exemption in Puerto Rico.

TEXAS: 
This position ranks No.1 for the potential for development and the current economic climate that typically represents the job market, the stock market or the credit availability. The corporations are excluded from corporate taxes and have nothing to pay for legal entities there. Texas is great for small business startups, as it has the highest survival rates for companies.

UTAH:-
UTAHUtah, with a high percentage of approved small business loans, is known as the best states for lower business costs. The entrepreneurs have an advantage in starting and growing their small businesses. This place also has low corporate taxes, so that the companies do not have such a burden to pay tax.

WYOMING: 
WYOMING is free of corporate and state income tax which means that state income tax is levied on the taxable income of persons, companies, other estates and trusts at a fixed or phased rate n. Four per cent tax on revenue levied. For the number of new entrepreneurs in the nation, this State ranks number 4.

COLORADO:
This state is best suited to low start-up costs; it's a bonus point for people to start new small business. It also has tax rates small in revenue. In Colorado, people have easier access to micro-credit services that bring benefits to transforming their hard work into self-independence and trust for families and people, so they have a stable foundation to build their future.


5 WORST PLACES A BUSINESS FOR RUN:

HAWAII: 
At the time of the manufacture of goods, 4 percent duty is paid at the same time, rather than at sales, which is known as an excise tax on businesses. Companies are highly expensive and this is the reason that people can not afford to start new businesses. Hawaii lacks the infrastructure.

WISCONSIN:
 Just 0.19 per cent of adults transform into entrepreneurs per month. Limited access to finance and capital funding and the corporate tax rate is as high as 7.9 percent so the corporation has to pay the shareholders 7.9 percent of its income.

WEST VIRGINIA: 
There is a high unemployment rate in West Virginia, and the people are unemployed, leading to stress and wrong ways of earning. Funding has limited exposure so that the resources are less for individuals. There is a low average of start-up businesses due to less financial aid and no loan system.

RHODE ISLAND:
 Corporations are required to pay 7 per cent of profits as taxes, which is no less. The rate of economic growth is also small, so that the amount of goods and services produced per head does not increase or so. It has poor infrastructure, are poorly maintained highways, houses, bridges etc.

LOUISIANA: 
There has been a decrease in GDP growth since 2017, and it has very few transactions with venture capital. Poor infrastructure makes it one of the worst locations for industry startups.

Given all the challenges facing business owners, some states make running and profiting simpler for small business owners. Provides money to people using micro-credits that is faster and readily available to all. There are also states that have higher tax rates and restrictions, making life impossible for small businesses.

Your Detailed Review of Choosing Your Business Site Accurately in the Us #infographic


infographic by: oppbusinessloans.com

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