When considering whether or not to start a small business, there are several factors to keep in mind while determining where you would start your business. Fit Small Business compiled a 2018 ranking of all 50 states to determine the best states to start a small business, using the following categories:
Taking into account these factors, the survey ranked Arizona 47th out of the 50 states, with each of the categories above ranked accordingly:
Some cities in Arizona such as Tolleson, Sedona, and Wickenburg are better to start a business in than others. It’s worth noting, too, that Arizona is home to the oldest franchise in the NFL, the first barrel of U.S.-produced tequila, and the world’s first retirement community, Sun City! If margaritas and the Grand Canyon peak your interest (but not margaritas while climbing the Grand Canyon), then Arizona may be the right place for you and your new business!
Reserving your name in Arizona:
Registration is not legally required but is an accepted business practice. Registration may be required to open business bank accounts and/or obtain additional business licenses. Sole proprietorships and partnerships may register names with the Secretary of State; LLCs and Corporations register with the Arizona Corporate Commission. Link to register as LLC or Corporation is below:
Reserve Your Name in Arizona