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Your Ultimate Resource: Why Texas Is the Best State for New Ventures Texas has always been one of the most business-friendly states in America, attracting entrepreneurs from all over the world. With no personal income tax, a strong economy, and a rapidly expanding workforce, Texas is the perfect place to start a new venture or small business. This complete guide will take you step-by-step through starting a sustainable and profitable business from scratch in Texas to avoid costly errors along the way.