Starting a Small Business? Here Are the States Where It’s Most Likely to Survive — and the Least.
There are many important things to consider when launching your own business or side hustle, and location is at the top of the list. Local and state laws can mean different taxes, zoning regulations and licensing requirements, so it pays to be strategic about your choice of state, city and even neighborhood, according to the U.S. Small Business Administration.
Related: 5 Things Not to Do When You’re Running a Small Business
After all, some 20% of new businesses fail within the first two years of being open,