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

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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:

  • 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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