As one in a series of articles written by different professionals concerned with Alaska Native land claims, this article focuses on the role of village and regional corporations as established under the Alaska Native Claims Settlement Act of 1972. Designed to stimulate careful political/historical reading and discussion at an advanced secondary or adult level, this booklet presents a simulated case study and open-ended class discussion questions relative to the use, purpose, and development of corporations. Major concepts presented in the text include: (1) definition of a corporation; (2) the purpose of corporations (group action, investment, and protection); (3) money as cash and/or capital for investment; (4) the ways in which one may engage in investment (sole proprietorship, partnership, corporations); (5) the advantages of belonging to a corporation (part ownership, dividends, tax benefits, social security, etc.); (6) the differences between cooperatives and corporations (service vs. profit motives); (7) use of corporate monies (expenses, further investments, shareholdder dividends); (8) articles of incorporation and by-laws (state laws governing corporations); (9) Alaska law and Native claims stock (Alaska Native Claims Settlement Act and eight specific regulations relative to Native stock). (JC)