A new study ranks Michigan as the 13th least expensive state to start a business this year. With low LLC filing fees and reasonable commercial rent, the state offers an affordable environment for new businesses. However, rising costs like wages and corporate taxes can add up, with labor costs increasing by 3.8% and rent rising 3.2% over the past year. Despite these challenges, Michigan’s strong SBA lending and low regulation rates make it an attractive option for entrepreneurs.
Reporting for WGRT – JP bZet
