A Question $17(1$ point$)$ Retake question

A joint venture can be an effective way for a First Nation to pursue business opportunities with a non$-$Indigenous business, and can provide experience, expertise, and financial backing to the joint venture. Which of the following is true of this business structure?

The joint venture is a separate legal entity.

Each of the parties to the joint venture is considered an agent of the other.

The joint venture offers protection to the parties from liability.

The joint venture provides access to tax incentives.