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STRUCTURING TRIBAL BUSINESS ENTERPRISES AND JOINT VENTURES Tribal Energy Program Renaissance Hotel Denver, CONovember 19, 2008 Presented by Kathleen M. Gilles, Esq. Holland & Knight LLP1OVERVIEW STRUCTURING
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How to fill out structuring tribal business
01
Identify the purpose of structuring a tribal business. This could include seeking financing, organizing the management structure, or gaining tax benefits.
02
Research and understand the legal requirements and regulations for structuring a tribal business. This may involve consulting with tribal leaders, legal advisors, and government agencies.
03
Determine the appropriate business structure for the tribal business. This could be a corporation, limited liability company (LLC), partnership, or non-profit organization.
04
Complete the necessary paperwork and forms to establish the chosen business structure. This may include filing articles of incorporation, operating agreements, or partnership agreements.
05
Obtain any required licenses, permits, or certifications for the tribal business. This could include applying for a tribal business license, obtaining permits for certain activities, or meeting specific industry regulations.
06
Develop a comprehensive business plan for the tribal business. This should outline the objectives, strategies, and financial projections for the business.
07
Seek funding or investment for the tribal business if needed. This could involve applying for grants, securing loans, or attracting investors.
08
Establish the management structure for the tribal business. This may involve appointing a board of directors, hiring key personnel, or creating committees or departments.
09
Implement an effective governance structure for the tribal business. This could include establishing bylaws, policies, and procedures to ensure transparency, accountability, and compliance with tribal laws and regulations.
10
Continuously monitor and evaluate the performance of the tribal business. Regularly review financial statements, assess progress towards goals, and make necessary adjustments to ensure long-term success.
Who needs structuring tribal business?
01
Tribal governments or leaders who want to establish a formal business entity to generate revenue, create employment opportunities, or promote economic development within their community.
02
Entrepreneurs or investors interested in partnering with tribal communities to start or expand businesses in sectors such as gaming, tourism, renewable energy, agriculture, or healthcare.
03
Organizations or individuals working with tribal communities to provide business development support, financing, or consulting services. These may include non-profit organizations, economic development agencies, or financial institutions specialized in working with indigenous communities.
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What is structuring tribal business?
Structuring tribal business involves organizing and managing a business entity that is owned and operated by a Native American tribe.
Who is required to file structuring tribal business?
Tribal business owners and operators are required to file structuring tribal business.
How to fill out structuring tribal business?
Structuring tribal business can be filled out by providing detailed information about the tribe, its business activities, revenues, and expenditures.
What is the purpose of structuring tribal business?
The purpose of structuring tribal business is to establish a formal business structure that allows the tribe to conduct commerce and generate revenue.
What information must be reported on structuring tribal business?
Information such as business income, expenses, assets, liabilities, and ownership structure must be reported on structuring tribal business.
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