Deleted user
Lawyer
posted 2 years ago
Good day and thank you for your query
An international joint venture (JV) - as well as any other form of partnerhsip - can certainly be established between an individual and a business. A JV is a business arrangement in which two or more parties (business or individual) agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a JV, each of the participants is responsible for profits, losses, and costs associated with it. A JV can be formed between any one of the following legal structures: limited liability companies (NewCo) or partnership agreements