Juan recently completed 20 years of service in the Army.During this time,he managed to save a little money.He is also entitled to a government pension.His goal is to go back to his home state of Colorado and start a business making small,solar powered panels for residential use.He learned the technique while serving,and he strongly believes there is a need.Although he knows he needs a store front and manufacturing site,he is not 100% convinced about where to locate.He knows for certain that one of his top priorities is to limit his tax liability associated with this new business.Your suggestion for Juan is:

Question

Quizplus · Accepted Answer

The best suggestion for Juan is to check out the enterprise zones in Colorado, as he wants to limit his tax liability. Enterprise zones are locations designated by the state government to encourage economic development by providing tax incentives and other benefits. By locating his business in an enterprise zone, Juan can take advantage of tax breaks and other benefits, which will help reduce his tax burden and enhance the profitability of his business.

Juan Recently Completed 20 Years of Service in the Army