Best Cities to Start a Business in South Dakota
South Dakota has a number of advantages for the nascent entrepreneur. For one, it has one of the friendliest tax climates for business in the country. Neither people nor corporations pay a state income tax, and the sale tax is only 4.5%. The low taxes help keep overall costs low for a growing business. Another positive for South Dakota is its promise of a high quality of life. Clean and quiet, and with a low crime rate, the state is an excellent place to raise a family.
Taking an extended break from work once in and awhile is important for everyone, and thankfully, South Dakota offers some of the best hiking and fishing in the country. The presence of many state and national parks, including the Badlands and the Black Hills, with its iconic Mt. Rushmore National Memorial, contribute to the state’s reputation as a top destination for outdoor recreationists.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
Start a Limited Liability Company Online Today
Click on the state below to get started.