Friday, July 8, 2011

Summarize the types of business entities and describe the legal characteristics of proprietorships and partner?

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.

No comments:

Post a Comment