Thinking of starting a business in Indiana? The Hoosier State’s low costs for doing business and low costs of living combine with a business-friendly regulatory environment and well-built infrastructure to attract people planning to start businesses. On the other hand, according to one survey of American states, Indiana’s quality of life is below average. Here’s what you should know, including business licenses and insurance requirements.
How Indiana Ranks
Several organizations have ranked Indiana above average when it comes to having a business-friendly environment. The Tax Foundation had the state as the 10th best in its 2019 State Business Tax Climate Index. The Small Business & Entrepreneurship Council ranked Indiana as the sixth most entrepreneur-friendly state under its Small Business Policy Index 2019. A somewhat less sanguine view came from the World Population Review, which in its Quality of Life by State 2020 report put Indiana’s quality of life