In 2012, the Pinehouse Village Council and Pinehouse Business North Development Inc. agreed to a share-split whereby Pinehouse Business North Limited Partnership was created. PBN Development Inc., while still a corporate entity, ceased to be active. PBN Limited Partnership became the operational corporation. It would appear that PBN Development Inc. has become an intermediary between the Village and PBN Limited Partnership. PBN Limited Partnership is the business operation. PBN Development Inc. is the general and controlling partner of the Partnership, while the Village no longer exercises any meaningful influence over the Partnership’s operations.