Starting a business is a massive endeavor filled with seemingly endless question marks. How will the business get funding? How competitive is the market? What are the most critical steps to take in the first year prior to launch? Does my business require partnerships of any kind? What is the best location for my business? The last question is monumental in shaping the business’s trajectory and even its capacity for success.
With almost 30 million small businesses in the United States, startups are launched all over the country. Choosing the right location for your business must take into account a number of factors. Things like population, market competition, and access to entrepreneurial resources are essential in selecting the optimal location.
After scouring the internet for expert opinions, the following are amongst the top 10 locations to start a business:
- San Francisco, CA
- San Jose, CA
- Boston, MA
- Nashville, TN
- Austin, TX
- Denver, CO
- Seattle, WA
- Minneapolis, MN
- Portland, OR
- Columbus, OH
Determining the best location to launch a business in is no easy feat and the answer is likely different for each industry, and even each specific business idea. Nevertheless, thinking through how important location can be in the overall success of a business is imperative.
In addition, determining the right structure for your business is an important decision requiring experienced legal guidance. Through careful consideration of your goals, our proactive business formation services can help you choose which path is the right one for you whether it be a sole proprietorship or general partnership, limited partnership, limited liability company, limited liability partnership, “C” Corporation, or “S” Corporation. Contact our office today to get started on your new business.