Professional Perspectives: Business Structure For Expanding Economic Development For First Nations – Fall 2019

For Indigenous entrepreneurs, there are many opportunities presenting themselves daily, perhaps more than ever. With these opportunities come large decisions from a business standpoint. Of particular importance is the structure of the business. Whether an entrepreneur is a Status First Nation individual or a First Nation seeking to start a business, several options may work for the business structure, including the Sole Proprietorship, Partnership, Limited Partnership, Corporation, and Joint Venture.

The choice of business structure for Indigenous entrepreneurs is dependent upon many factors, but for many First Nations looking to expand their economic development, a Limited Partnership is often the preferred option.