BEST CITIES TO START A BUSINESS IN UTAH
Utah is universally hailed as one of the best states to start a business, and with good reason: low taxes and a young workforce matchless in education level and productivity rate ensure that Utah’s reputation is well-earned. First off, businesses in Utah enjoy a number of tax incentives, including a property tax rate ranging from 1.07% to 1.75% (well below the national average) and a flat 5% corporate tax that ensures that companies aren’t gouged as their revenues increase.
As for its workforce, it consistently ranks within the top five best educated in the nation. Remarkably, a full third of them are bilingual, owing to the state’s large LDS influence as many members of the church study a second language in order to prepare for missionary trips to foreign nations. Employees’ bilingualism is a great asset for companies and prospective entrepreneurs wishing to do business internationally as well as at home.
Not to be forgotten is the draw of Utah’s natural beauty and opportunity for outdoor activity. More than four million people from around the world visit Zion National Park each year to explore its lush valleys and admire its painted canyons. The park, located in the southwestern portion of the state, provides added enticement for enterprising businesspeople to relocate to Utah.
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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.
ABOUT HOW TO START AN LLC
I'm an entrepreneur myself. When talking to others who want to start their own business, they often get wrapped up in the nitty gritty of paperwork and forming the company. They forget that what really matters is customers, sales, and profit. That's why I created How to Start an LLC.org: a simple resource and guide so you can spend less time on forming your company, and more time on building it.
My lawyers want me to remind you that I'm not a lawyer and that I'm completely unqualified to offer legal advice. This site is meant to serve as a reference for you on your journey. If you have questions or concerns, please contact a qualified lawyer (or accountant) to help you. Also, as a general rule, never take random legal advice on the internet.