On November 29, Holland & Knight tax attorneys, Kathleen Nilles and Ken Parsons, joined the Native American Finance Officers Association in the second part of a two-part webinar series to discuss why choosing a business structure is important to tribal economic development. In Part Two, the speakers highlighted alternatives to Section 17 federal law corporations and why they may or may not be a good vehicle for your tribe. Takeaways from the webinar include:

  • Various steps to organizing corporations and LLCs under tribal law
  • Why some tribes prefer to organize LLCs under state law
  • Disadvantages of organizing LLCs and corporations under state law
  • Current federal tax treatment and implications of the current IRS regulatory review
  • Key elements of the integral part test—including governance control and financial commitment

Webinar Recording: Tribal Business Structures: Alternatives to Section 17 Corporations Webinar

Webinar Resources: The Tribal Business Structure Handbook