Question

Features of Joint Venture Company.​

Answer 1

Answer:

Hey mate

Features of Joint Venture

There is an agreement between two or more persons for a single venture.

A joint venture comes to an end on completion of a specific venture.

Co-ventures share profits and losses in agreed proportion.

Since a joint venture is for a single venture, generally no firm name is used.

Answer 2

Specific Purposes. Parties create joint ventures keeping pre-determined purposes in mind. ...

Agreement. The parties to a joint venture, i.e. the co-venturers, generally execute a written agreement between them. ...

Specific Duration. ...

Structure of the Venture. ...

Profit Sharing.