What Are The Best And Worst States For Small Businesses?

What Are The Best And Worst States For Small Businesses?

In case you were wondering, yes, there is an ideal place to start your small business. According to a new survey from the Kauffman Foundation and Thumbtack.com, Texas, Idaho, Oklahoma and Utah are the most small business-friendly states.

The poll of more than 6,000 business owners and entrepreneurs revealed that low tax rates, simple licensing regulations and publicized training programs were key to a healthy business environment.

While the highest-ranking states may be great for starting a business, they may not be a great place to start your life, however. According to a separate survey by Chief Executive magazine, top business states like Texas, Louisiana and Oklahoma can't compete with other states like California and New York -- which aren't business friendly -- when it comes to the well-being of residents.

Is your state business-friendly? Check out the slideshow below for the big winners and losers according to the Kauffman/ Thumbtack.com rankings.

Before You Go

1. Idaho

The Best And Worst States For Small Business

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