Even though a person might have a great business idea, he or she may feel uncertain about whether or not it’s a good time to move ahead with that plan. So many variables can go into the decision about when, where and how to form a new business.
Aspiring entrepreneurs in Utah may be able to put some concerns at bay as the result of a designation recently given to the state. In cooperation with the Ewing Marion Kauffman Foundation, Thumbtack.com crowned Utah as the best state for small business owners to get a start. The business-oriented organizations evaluated all 50 states on a variety of criteria before making their announcement.
Noting the business regulations, tax code and process to start a business established by state law, Utah was selected as the nation’s most suitable climate for entrepreneurs. This isn’t the first time our state has been recognized as business friendly. In fact, the Salt Lake Tribune points out that Forbes has declared Utah to be the best state for business three years running.
In addition to business-oriented public policy, Utah business leaders note that many residents have the interest and drive to succeed in business and contribute positively to their local communities.
Certainly, a healthy business climate is important for entrepreneurs, but a series of awards doesn’t necessarily mean that it’s simple to build a business organization from the ground up. A person might have strong business acumen and a reliable work ethic, but he or she might not have the skills necessary to work through many of the legal aspects of business formation. This is where a knowledgeable attorney can step in to provide advice and assistance in helping to turn a fledgling business into a success.
Source: The Salt Lake Tribune, “Utah named top state for small business entrepreneurs,” Steven Oberbeck, Sept. 3, 2013