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 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. For citation guidelines, please refer to the table in the APA Style section of the syllabus.