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 Colorado 8th out of the 50 states, with each of the categories above ranked accordingly:
The stunning state of Colorado may be known for its purple mountain majesty and its leadership in the burgeoning marijuana industry, but it should be attractive to you as a potential business owner due to its rankings in the per capita income, healthcare, and venture capital subcategories. Denver is also considered one of the most entrepreneurial cities in the country, with roughly 72% of entrepreneurs relying on their businesses as primary sources of their income! If that doesn’t convince you, maybe enjoy a natural high hiking one of the Centennial State’s thousands of hiking trails or sipping at one of its hundreds of breweries while contemplating whether Colorado may be the right place for you and your new business!
Reserving your name in Colorado:
The Colorado SOS will not approve a Colorado business name which is so similar to another Colorado business name (Corporation or LLC) that it could likely be mistaken for it.
Reserve Your Name in Colorado