Although a joint venture is a partnership in the colloquial sense of the word, it can be formed using any legal structure—corporations, partnerships, limited liabil… See more

Regardless of the joint venture structure, the most important document will be the agreement that sets out all of the rights and obligations of each party to the venture. The objecti… See more

Advantages
A joint venture gives each party the opportunity to exploit a new business opportunity without bearing all of the cost and risk. Jo… See more

When forming a joint venture, the most common thing the two parties can do is to set up a new entity. As the JV itself isn’t recognized by the Internal Revenue Service (IRS), the b… See more