5 Most Business Friendly States in the US

4. Washington

Number of Business Applications (2023): 97,311

GDP per capita (2023): $90,702.50

Corporate Income Tax Rate (2024): N/A

Insider Monkey Score: 6.5

Washington ranks fourth on our list of the most business friendly states in the US. The state of Washington does not have a personal or corporate income tax, however, business owners must pay a public utility tax. The public utility tax rate is determined using the gross receipts of a business. For example, a retail business may have to submit retail sales tax. Washington logged over $90,000 in GDP per capita in 2023.