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South Dakota ranked 4th best state to start a business

  • January 9, 2024

You’ve got the idea, now it’s time to build your business. Where you choose to locate your new venture can be a game-changer for success. Forbes recently ranked the best states for starting a business, and we’re not surprised to see South Dakota ranked fourth, making it one of the best places to start a business.

“South Dakota presents a compelling case for entrepreneurs, combining several key attributes that help foster business growth and success,” the article releasing the rankings says. “The state’s formation fee is set at $150, balancing affordability with access to a range of business services. A noteworthy aspect of South Dakota’s business environment is its survival rate of 74%, which points to a supportive atmosphere for maintaining and developing new businesses.”

Furthermore, South Dakota offers a great business tax climate, reliable workforce, and a lower cost of living. To learn more and see which other states made the list, click the link below.