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  2. A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
    en.wikipedia.org/wiki/Joint_venture
    Joint venture From Wikipedia, the free encyclopedia For other uses, see Joint Venture (disambiguation). A joint ven­ture (JV) is a busi­ness en­tity cre­ated by two or more par­ties, gen­er­ally char­ac­ter­ized by shared own­er­ship, shared re­turns and risks, and shared gov­er­nance.
     
  3. People also ask
    How does a joint venture work?Spinning off a business idea as its own company. Joint ventures are collaborative business arrangements where two or more parties come together to form a new entity or partnership. The partners in the joint venture use contracts or a new corporate entity to pool resources, expertise, and capital in pursuit of a common business objective.
    What does a joint venture mean?Some degree of joint control over the single enterprise or project. A mechanism or provision for the sharing of profits or losses. A joint venture is not a partnership or a corporation, although some legal aspects of a joint venture (such as income tax treatment) may be ruled by partnership laws.
    Who are the parties to a joint venture?The parties to the joint venture must be at least a combination of two natural persons or entities. The parties may contribute capital, labor, assets, skill, experience, knowledge, or other resources useful for the single enterprise or project. The creation of a joint venture is a matter of facts specific to each case.
    What is a function based joint venture?In a function-based joint venture, companies collaborate to perform a particular business function or activity, like marketing, sales, or distribution. This type of joint venture allows companies to leverage each other's expertise, resources, and networks in specific business areas, resulting in increased efficiency and market reach.
     
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