These are America’s top 10 best states for entrepreneurs in 2020

Florida

Ranked No.2, this is how Seek Capital described Florida:

“Corporate taxes in Florida are generally favorable towards business, with a top marginal corporate income tax rate of 5.5 percent. What’s great for your business’s employees is Florida’s lack of state income tax for individuals. Additionally, employees are cheaper in Florida with real labor compensation costs per hour among the lowest rates in the study.

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“Florida’s startup activity is very impressive. Florida has the highest rate of new entrepreneurs, with 0.46 percent of its population starting businesses. The average number of jobs created by startups is excellent, with startups each creating an average of 6.41 jobs within their first year in Florida. And businesses seem to get off the ground for fairly cheap, with 18.8 percent of businesses started with less than $5,000.”