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 Florida 20th out of the 50 states, with each of the categories above ranked accordingly:
Florida is home to some of the most entrepreneurial cities in the country, Miami being one of the best cities for startups and Orlando not far behind. Only C-Corporations are required to pay state income tax, meaning that the vast majority of small businesses in FL pay none. If that’s not enough to entice you, consider that Florida is home to possibly the only Amish beach resort in the world, is the only place in the world where alligators and crocodiles coexist in the wild, is home to the happiest place on earth, and that nowhere in the state are you more than 60 miles from the nearest body of salt water. One of the top states with the highest average growth in the number of small businesses, Florida just may be the right place for you and your new business!
Florida Department of State
Clifton Building - 2661 Executive Center Circle
Tallahassee, FL 32301
P 850-245-6000
Small Business Advocacy
South Florida District Office
100 S. Biscayne Blvd. seventh floor
Miami, FL 33131
P 305-536-5521