I'm looking at states Rhode Island and Connecticut

[Account Closed]

I wanted to if there are any opportunities in these states and if there are any state requirements?

Any suggestions would be greatly appreciated.

George McNeil

[Anthony Thompson]

George, at the risk of sounding trite (which isn't my intention), in general there are opportunities everywhere.

In general, if you have a choice you'd like to go where the general economic trends are in your favor.

I can't speak about Connecticut, but for RI and in my general impression of the Northeast, is that - all other things being equal - I think there are probably other parts of the country which have better economic fundamentals.

While there are certainly cities with good economic activity (e.g., Boston and New York), I don't really get that economic excitement of "things are starting to boom" and "great things are starting to happen in this area" for this part of the country. If anything, at least for RI, I get actually a bit of the opposite sense.

Maybe CT is different, but RI has a high tax burden and isn't very business friendly (taxes and regulation). If I didn't already have family and business connections here, if I could choose from a blank slate, there's no way I would choose Rhode Island to start building a business.

They say it of stocks, but it's also true of real estate, "the trend is your friend". If you have a choice, choose someplace where the economic trends are starting to look good, on the definite upswing, and build your base there.

From what I see of RI and the Northeast, that isn't yet happening up in this neck of the woods and I don't see signs of that starting to change at all.