24/7 Wall St. Key PointsThe most business-friendly states haven’t changed much in recent years. (Sponsor)According to data compiled by Shopify, what’s most important to know is that some states offer a better business environment than others. The state’s low corporate tax rate has given it a big push, and you can access many of the major business hubs along the eastern seaboard. For owners and workers of these small businesses, the state’s friendliness is aided by its lack of income taxes, which saves every worker hundreds, if not thousands of dollars annually. Still, a favorable tax climate of just a 4.55% income tax rate ensures Colorado is a fan favorite for business employees, large and small.