5 Best States to Start an LLC

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In this article, we will take a look at the 5 best states to start an LLC. If you want to read our detailed analysis of limited liability companies, you can go directly to 10 Best States to Start an LLC.

5. Idaho

Business Tax Climate Score: 5.33

Cumulative 10 Year Job Growth Rate: 34.8%

According to our methodology, Idaho is among the best states to form a limited liability company. The state offers an unmatched business infrastructure and a tax-friendly environment to LLCs. It costs only $100 to form a limited liability company in Idaho. Limited liability companies in Idaho are treated as pass-through entities, therefore, the LLC itself is not liable to pay any taxes in Idaho. Instead, members pay income tax on their earnings from the LLC.

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