Juan Recently Completed 20 Years of Service in the Army

question 243

Multiple Choice

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:

• A)Make certain he is deeply passionate about the product he is developing,before he explores the need.
• B)Keep it small,especially in the beginning.
• C)Take out a lot of insurance in case he finds out that he has not paid enough taxes.
• D)Check out the enterprise zones in Colorado.