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Summarize the types of business entities and describe the legal characteristics of proprietorship and partnerships.
Northwest Brands, Inc., is a small business incorporated in Minnesota. It’s 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
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