Joint ventures are normally used where two business partners want to carry out an activity together as a separate business from their own activities.  Often joint ventures arise where each party contributes particular assets or resources which together are used for the particular venture.

A joint venture can be incorporated as a company owned by the business partners or it can be an unincorporated venture, usually operated under a distinct business name.

It can be a special purpose venture, such as the development of a particular property, or an ongoing business, such as a farming joint venture.

In either case, the parties need to be clear on the terms which will govern their relationship, including the extent of their authority to operate the business and incur debts, what each party is to contribute to the venture and what happens if either party wants to end the relationship or sell the venture.

We can assist you in structuring your joint venture if you decide to use this kind of business structure.

For further information contact:

Shah Rusiti

Jeanette Webb

Frequently Asked Questions

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