Texas, the Lone Star State, is one of the country’s best states for business, consistently ranking in the top 10 best states during the last few years.
Several key factors contribute to the strong economic state of Texas. Primary of these is the Texas Enterprise Fund, a business incentive program that guarantees the growth of Texas businesses, attracting new businesses or providing assistance in the expansion of existing businesses.
Aside from this, Texas is also one of the few states in the country that has no state income tax to speak of. The state also has the reputation of low taxes, ranking 7th lowest across the country, and low service. In addition, a number of the largest companies are also based in Texas.
Despite all these thriving economic conditions, there are still challenges that must be overcome when starting a Texas business. This startup guide on some of the best resources specifically for Texas entrepreneurs should give you an edge over competition.