If you want to start a business, the South might just be the place to go, according to a recent report.

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Area Development Magazine ranked Georgia as number one on its list of "Top States for Doing Business." The Peach State was followed by Tennessee, South Carolina, Alabama and North Carolina, to make up the top five.

However, not all the states on the outlet's full list of the 20 best states were in the South. Lower on the list included New York (18), Michigan (19) and Indiana (tied with Virginia at 10).

The magazine surveyed business consultants to find the results, asking the experts to name which states were the best places to do business based on 12 categories.