A joint venture is a relationship between two or more people who combine their labor or property for a single business under¬taking. They share profits and losses equally, or as otherwise provided in the joint venture agreement. The single business undertaking aspect is a key to determining whether or not a business entity is a joint venture as opposed to a partnership.
| Reads: | 634 times |
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| Used: | 13 times |
| Pages: | 4 |
| Size: | 55 kb |
| Format: | Word Document |
| Category: |
Starting and Forming a Business |
|---|---|
| Sub-Category: |
Forming a Joint Venture |
| Industry: |
Any Business Type |
| Region: |
United States - Any State |
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