Ohio’s economic environment seems to provide a great market for new businesses. Ohio was second for opportunity share of new business owners.  There is also an affordable cost of living.

But there are very few startup businesses per existing business. Also, the business tax climate is not too conducive to business interests.

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If superlative characteristics are important to a business, then the business really has but one choice, and that’s to raise the high end of the salary range.

But they would likely have to do that anyway.

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In 2019, Dollar Sprout put Michigan in the number two slot for starting a new business. Michigan has an excellent growth rate (almost as good as in Texas), and business formation fees are low. It helps to have a well-educated workforce as well. Plus costs of living are low, even in the biggest city, Detroit.

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The federal government is working to offer business owners unique recession business funding opportunities for these unique times during the coronavirus pandemic. Some states are following suit. Do you know what’s available to you at both the federal and the state level?

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A Wisconsin corporation owner will need to choose a registered agent who will act as an agent for service of process for the corporation. A registered agent receives all legal and tax documents for a corporation. They may choose an adult resident of Wisconsin, a corporation in Wisconsin, or a corporate services company as the registered agent. However, a corporation cannot act as its own registered agent.

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There are many steps to starting a business.  It is important to start on a firm foundation. Then, when the twists and turns come, you can be safely secured in your seat.  That means ensuring you have a name and EIN, and all the licenses and registrations necessary at each level of government. Also, make sure that you are legally incorporated.  

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Do you need to know how to start a new business in Indiana? We show you how.

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