The Small Business and Enterprise Council recently announced that Colorado ranked 10th place for states that were friendly to small businesses. Why you ask? Here are the top reasons:
• Colorado has no state death tax.
• Colorado has no corporate alternative minimum tax.
• Colorado has a relative corporate income and corporate gains income tax.
• Colorado has “fairly” low unemployment taxes.
Although we ranked lower than South Dakota (1) Nevada, (2) Texas, (3) Wyoming, (4) and Washington (5), Colorado can be proud to rant in the top 10! Make sure you contact your state congressmen and senators to make sure we stay in the top 10 by supporting a small business friendly-state!