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Texas lands in top 10 most expensive states for running a new business

A new ranking puts Texas at No. 9 among the states with the highest expenses for starting and operating a business.

Photo courtesy of Getty Images

Everything is bigger in Texas — or at least somewhat bigger — and that appears to include the cost of running a new business.

A new ranking from business consulting firm Venture Smarterputs Texas at No. 9 among the states with the highest expenses for starting and operating a business.

New York appears at No. 1 on the list, followed by Washington and Massachusetts.

The cheapest state? Mississippi. It was preceded in the ranking by Kentucky and North Dakota.

To come up with its list, Venture Smarter looked at eight metrics, including corporate tax rate, average LLC filing fees, average real estate costs, and minimum wage.

Texas scored 59.74 out of 100 for startup expenses, with a higher score being worse.

The Lone Star State tied with Tennessee for the highest initial LLC filing fees ($300). But unlike many other states, Texas doesn’t require business owners to pay LLC filing fees each year to keep a business incorporated.

Texas fared well on several counts, though, such as no corporate tax, a low state-mandated minimum wage ($7.25 an hour), and relatively low real estate costs.

“This research aims to provide valuable insights into the business climate across various states, offering new entrepreneurs the information they need to make well-informed decisions on their entrepreneurial journey,” Venture Smarter says in a statement. “By understanding the unique characteristics and challenges of each state, aspiring business owners can navigate the complexities of different markets and optimize their chances of success.”

This report originally appeared on our sister site, InnovationMap.

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Self-driving Roller Coaster

More self-driving cars expected to roll out in Austin for 2025

Photo courtesy of Waymo via KVUE

Various brands offering self-driving cars are on-and-off in Austin.

Expect to see more self-driving rideshare vehicles, also known as robotaxis, on Austin roads next year.

Robotaxi company Waymo, which you may have already seen on Austin's roads, is partnering with Uber. At some point next year, customers will be able to use the Uber app to call a self-driving ride.

Austin-based company Avride is in the testing phase and plans to roll out its robotaxis next year.

Currently, Volkswagen ADMT and Amazon's Zoox are in the testing phase in Austin, while Hyundai's Motional is in the mapping phase.

Last year, robotaxi company Cruise paused operations in Austin after the California Department of Motor Vehicles revoked the company's permits to operate driverless vehicles in the state. And last week, General Motors said it would no longer fund the company because of the time and resources needed.

This way of getting around has come with its safety concerns and issues. The city is tracking those concerns. According to the Transportation Department, the problems span from blocking the roads and parking in front of people's homes for weeks with lights beaming through their windows, to actual wrecks.

Since July 2023, robotaxis have been involved in 75 incidents. Only 21 of those incidents happened in 2024. It's important to note that Cruise has not been operating in Austin this year.

Since July 2023, driverless rideshare vehicles have been involved in 22 near collisions, eight collisions and seven instances where driverless taxis ignored directions from the Austin Police Department (APD).

According to the data, at least four of those Austin police incidents happened in recent months. The issues varied from driving through police checkpoints, to malfunctioning and getting stuck at an APD road closure near pedestrians, causing safety concerns.

A Waymo spokesperson said their vehicles have gesture recognition capabilities, which they've been training APD officers on using.

As the report shows, sometimes it does not work and Waymo said it is working to improve that. The spokesperson said that as of just last week, Waymo's First Responder Program has been independently verified by TÜV SÜD, making Waymo the first autonomous vehicle (AV) company to receive third-party validation for our emergency response protocols. They also said the data to date indicates the Waymo Driver is already reducing traffic injuries and fatalities in the places where the company currently operates.

Read the full story and watch the video at KVUE.com.

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