First Nations are becoming more and more involved in economic development within their communities. In order to carry on business, First Nations are incorporating companies, societies and other business structures. It is important for members to understand the difference between sole proprietorships, partnerships, corporations, societies, enterprising nonprofits and cooperatives. These businesses are often a separate body from the First Nation and so a member of a First Nation needs to understand if they have a role or responsibility in what happens in those businesses. This toolkit is designed to provide guidance and information on the kinds of business structures that are available to a First Nation community. It also provides information on the role that community members might have in businesses that are carried out by their First Nation. The second part of the toolkit could be used for individual members wishing to embark on a business venture but is more designed for the Chief and Council and/or the Economic Development Officers.