Best and Worst States for Taxes for Startup Companies

Best and Worst States for Taxes for Startup Companies

Startup companies face many forms of opposition as they set out to change the world, or at least carve out their own niche – even though they are typically working to provide solutions. That doesn’t mean that people or other businesses oppose them, necessarily, but rather there are so many difficult things they have to overcome and fight through to become successful; not the least of which is their taxes.

When it comes to taxes and startup companies, location does matter. According to are cent study from CRN, your efforts to provide solutions for change will be challenged more by higher taxes depending on where you live. According to the study, the ten best places for Millennials to start a business when it comes to taxes are as follows: Mississippi, Nebraska, Missouri, Arizona, New Mexico, Indiana, Delaware, Ohio, Oklahoma and Florida.

On the other end of the spectrum, if you want to change the world with your startup company then you might want to avoid these 10 states, which were rated the worst for startup companies when it comes to taxes: Idaho, New Jersey, Illinois, Maine, New Hampshire, Kentucky, Arkansas, Massachusetts, Pennsylvania and the worst being Rhode Island.

So, if you want to start a company to help solve a problem, you might first want to consider relocating to one of the top 10 states on this list, especially if you live in one of the bottom ten.

http://www.crn.com/slide-shows/channel-programs/300082410/2016-best-and-worst-states-for-taxes-for-solution-provider-startups.htm?itc=ticker

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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

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