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|JOINT VENTURE ARTICLES, joint venture, JV, strategic alliance, joint venture corporation's, JV partners, jointventure.dunway.com, JV Endorsements, JointVenture, Joint Venture Partnerships, Joint Venture Tools and Technology, Super Affiliate Joint Ventures, alliances, joint venturing, business relationships, strategic partnerships|
venture (often abbreviated JV) is an entity formed between
two or more parties to undertake economic activity together. The parties
agree to create a new entity by both contributing equity, and they then
share in the revenues, expenses, and control of the enterprise. The
venture can be for one specific project only, or a continuing business
relationship such as the Sony Ericsson joint venture. This is in
contrast to a strategic alliance, which involves no equity stake
by the participants, and is a much less rigid arrangement.
Organizations can also form joint ventures, for example, a child welfare organization in the Midwest initiated a joint venture whose mission is to develop and service client tracking software for human service organizations. The five partners all sit on the joint venture corporation's board, and together have been able to provide the community with a much-needed resource.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
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