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Alaska Franchise Opportunities

Photo by Will Swann on Unsplash

Alaska sits high above the rest of the continental United States, home to 735,000 souls brave enough to take on the long winters and harsh conditions. If you’re tough enough to live in “The Last Frontier,” you will be rewarded with some of the lowest taxes in the country!

Major Markets

Alaska’s economy consists mainly of oil, natural gas, fishing and tourism. Perhaps consider starting a photo franchise (link) to help capture adventurous vacation memories, or a hotel franchise (link) to offer warm beds to weary travelers.

Lax on Taxes

Unlike many states, Alaska does not have a personal income tax, which could save you loads of money if you chose to start a franchise here. In addition, there is no franchise tax, so you can found your franchise here without having to pony up extra money. If your franchise is not a corporation, you could potentially not pay any taxes at all!

If you do open a legal corporation, there is a corporate income tax that is graduated from 0 percent to 9.4 percent in increments of $25,000 of taxable income. The 0 percent rate applies to taxable income of $25,000 and below, while the 9.4 percent rate applies to taxable income of $222,000 and over.

Limited Land

Although Alaska is by far the largest state in the U.S., it lacks in the number of major metropolitan areas. Anchorage is home to more than half of the state’s population, and sits on the coast of the southeastern part of the state. Fairbanks and Juneau both have about 31,000 residents and are relatively small markets.

Virginia Franchise Opportunities

Chock full of history, good seafood and federal agencies, Virginia has a booming tech industry, a relatively high standard of living, and would be a fantastic place to start a new franchise!

Mississippi Franchise Opportunities

The land of catfish, blues music and cotton, Mississippi is rich in cultural heritage. There is plenty of opportunity to come in and make positive change in this state, and it could benefit from the right kinds of franchises.

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.