Instructional Objectives for this activity:
Summarize the types of business entities and describe the legal characteristics of proprietorships and partnerships.
Northwest Brands, Inc., is a small business incorporated in Minnesota. Its one class of stock is owned by twelve members of a single family. Ordinarily, corporate income is taxed at the corporate and shareholder levels. Is there a way for Northwest Brands to avoid this double-income taxation? Explain your answer.
This individual work should include the following:
You may use your text or the internet as a reference, but remember to cite your sources according to APA guidelines.
Hollowell, W.E. & Miller, R. L., (2014). Business law text & exercises. (7th ed.) South-Western, Cengage Learning.
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