California– the golden state, home to San Francisco, Los Angeles and, of course, MyCorporation! California’s flag is none other than the Historic Bear Flag, its capital is Sacramento, its flower the poppy and its motto: Eureka!
One would think that a place with so much start-up history would be an excellent place to start a business nowadays; however, California is actually not the best place to start a business as it turns out.
California is one of the most expensive states to incorporate in with a flat, corporate tax of 8.84%. Additionally, the state’s tax codes are known to be pretty complicated. Not to mention the large amounts of bureaucracy that a small business has to cut through in order to open.