Juan recently completed 20 years of service in the Army. During this time, he managed to save a little money and is 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. Although he knows he needs a storefront 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

Checking out enterprise zones in Colorado could provide Juan with tax incentives and other benefits for starting his business in certain designated areas. This would help him limit his tax liability and possibly reduce his start-up costs, making it a beneficial option for him to consider. Choice A is not relevant to the question, choice B may not be feasible for Juan's business goals, and choice C does not address the issue of minimizing tax liability.

Juan Recently Completed 20 Years of Service in the Army