At BBS Law, we frequently advise clients who are planning to enter into a joint venture.
In general terms, a joint venture is a commercial arrangement under which two or more independent businesses collaborate with each other to achieve a common business goal. It can be structured in a number of ways, the most common structures being:
Often tax considerations strongly influence the structure and we will work on a collaborative basis with your tax advisers to determine which structure is most appropriate for your joint venture. However, other factors, such as your commercial and financial objectives and the level of integration to which you wish to commit, are also influential in determining the structure and the shape of the documentation and we will always take the time fully to understand your reasons for entering into the joint venture and what you wish to achieve from it.
The documentation involved with a joint venture will vary dependent upon the structure of the joint venture but will typically address:
The corporate team at BBS Law can provide you with practical assistance in planning and documenting joint ventures. We will work alongside your other advisers and our colleagues in other specialist areas such as employment, property, commercial and intellectual property, to ensure that it achieves your objectives, protects your interests and mitigates your risk.