Wyoming, South Dakota, and Utah: Key Developments in U.S. Business Landscape

Wyoming’s LLC privacy, South Dakota’s tax benefits, and Utah's major funding injection reveal diverse strategies supporting small businesses across states.

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Updated 56m ago

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The Headline

Key Advantages and Funding for Small Businesses in Multiple States

Funding for small businesses in Utah

$23 million

Number of businesses relocated from California

200

Corporate tax rate in Illinois

9.5%

Key Facts

Wyoming's Advantages: Offers anonymity for LLCs, allowing registration without resident requirements.
South Dakota's Tax Benefits: Utilizes pass-through taxation, minimizing business tax burdens.
Utah's Funding Injection: Recently received $23 million to support small businesses.

The Headline

Challenges in California and Illinois's Business Environment

Funding for small businesses in Utah

$23 million

Number of businesses relocated from California

200

Corporate tax rate in Illinois

9.5%

Key Facts

California's Business Exodus: Over 200 businesses have left California due to high costs and taxes.
High Costs in Illinois: The state has one of the highest corporate tax rates at 9.5%.

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