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Entity-Owned (EO) is defined as a business structure in which a person, group of people, or “parent” business entity owns a separate business organization. Such legal entities come in various forms to suit the financial and business needs of their owners. Entity structures vary based on liability, transferability, cost, taxation, and simplicity, and they can be arranged as sole proprietor, limited liability company (LLC), partnership, or corporation. Entity-Owned firms are applicant businesses that are owned by a Controlling Entity (the corporation at the top of the business structure) from one of the five (5) approved organization types:
Alaska Native Corporations (ANC)
Native Hawaiian Organizations (NHO)
Community Development Corporations (CDC)
American Indian Tribes (AIT)
Agricultural Cooperatives (AGCO)
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