Answer: Yes
Explanation:
Yes, Northwest Brands can be able avoid the double – income taxation. If Northwest Brands is becomes or gets elected to be treated as an S corporation they might avoid the double taxation. An S corporation has to consist all of the following shareholders must be individual, estates, or trusts. Also, they must not have up to one - hundred (100) shareholders, they must be a local corporation and have only one type of stock. S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
