Arizona Franchise Opportunities
If you’re looking for a place to settle that will provide you great business opportunities with a high quality of life, consider launching your franchise in Arizona!
Your Two Options
When it comes to where to live in Arizona, you don’t have too many choices. Phoenix is the largest city in Arizona, home to 4.3 million people and more than two-thirds of the state’s population. Tucson has about one million residents, and is also a major metropolitan area. Beyond that, most of Arizona is undeveloped—great for exploring but not good for business.
Taxes in The Grand Canyon State
The good news: There is no franchise tax, also known as a business privilege tax, in Arizona. The not as good news: Arizona taxes the net income of corporations at a flat rate of 6.97 percent with a minimum tax of $50. The state also charges a personal income tax that varies based on income, with a maximum of 4.54 percent.
Arizona by the Numbers
- There are more than 495,000 small businesses in Arizona.
- Almost 80 percent of all small businesses have no employees, and most employers have less than 20 employees.
- Small businesses represent 97.1 percent of all employers and employ 44.8 percent of the private-sector labor force.
New Mexico Franchise Opportunities
If you want a state that offers a multitude of incentives for opening a business, low income taxes and plenty of room to set up shop, New Mexico could be a stellar place for you to being a new adventure in franchising!
North Carolina Franchise Opportunities
North Carolina is state that’s really making moves. It has a burgeoning engineering and biotechnology scene, and is also home to two of the fastest growing counties in the country. More than just tobacco, North Carolina is a great place to establish a new business and call home.
Delaware Franchise Opportunities
Small but mighty, Delaware is known as The First State—having been the first state to ratify the Constitution. These days, Delaware is home to a little less than a million people, and one of the largest Air Force bases in the country.
