Starting a Business

What's the best way to research which states are better to run a business in?

I live in New York. My business partner lives in Massachusetts. We're trying to decide whether to incorporate our next online venture in New York or Massachusetts. Are there any sources or people who can help us make an informed decision about the financial and legal pros and cons of launching a company in New York vs. Massachusetts?
min read
Opinions expressed by Entrepreneur contributors are their own.
The anwer to which state is "better" depends on what you are measuring, and in turn points you to the resources you'll use to investigate that issue.  If by "better" you mean lower taxes, an accountant would be an excellent resource.  If you mean "fewer regulations," a small business development center and an attorney specializing in your industry area would certainly help.  If you mean "entrepreneurial climate." or "relevant, talented workforce" there again, the SBA or SDBC, or local business library may have that information.  A good way to go about the investigation is for you and your business partner to write out a list of the questions you have about starting a business.  You can ask them of an attorney, accountant, and other resources in New York; your partner can do the same in Massachusetts.  Once you've done the investigation, sit down together to compare your answers. 

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding