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Summarize the types of business entities and describe the legal characteristics of proprietorships and partnerships.

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:

  • An in-depth submission that should be free of spelling and grammar errors.
  • An essay containing a minimum of 200 words.
  • You will be assessed on the rationale you use in addressing the questions/issue posted, and how well you justify your argument regarding this issue.
  • Your response must be thought provoking, have well developed ideas and/or opinions, and should reference any supporting material from the text, lecture or other sources you have used to complete the assignment.

You may use your text or the internet as a reference, but remember to cite your sources according to APA guidelines.

 

Reference

 

Hollowell, W.E. & Miller, R. L., (2014).  Business law text & exercises. (7th ed.) South-Western, Cengage Learning.

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