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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.

Michigan Franchise Opportunities

Home of the American automotive industry, Michigan is a state filled with the beauty of nature, lots of water sources, and more agriculture than you might think. With nearly 10 million residents, Michigan is a fantastic place to start a franchise, and will offer you plenty of opportunities to escape into the great outdoors.

Hawaii Franchise Opportunities

If you’ve ever dreamed of living on a tropical island, surrounded by beaches, surfing, lush vegetation, Hawaii might be an ideal place for you to open a franchise. Imagine running your own business and staring out into the Pacific Ocean with a drink in hand!

New Jersey Franchise Opportunities

You can strut your stuff at the Jersey Shore, go gambling in Atlantic City, hike in the forests, or live in Jersey City and commute into New York. New Jersey offers a wide variety of opportunities and lifestyles, and there’s sure to be a place or industry in the state that suits you.