Question

How to form a joint venture?

Answer 1

HEY!!

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⏩A joint venture can be formed by:-

➡️A foreign company and a local company can join hands to form a new business enterprise.

➡️A foreign company can buy a portion of equity shares of a local company.

➡️A local company can acquire a portion of equity in another existing local company.

Answer 2

A joint venture is a strategic alliance or partnership between two or more parties that allows both parties—usually companies—to increase their ability to build their separate businesses. Joint ventures are commonly used by companies to become active in a new territory and return higher profits by expanding the company’s network. If you have a company that wants to grow in this way, you need to research and define your needs, seek out a viable partner, and then carefully draft a joint venture agreement (contract) that will build a strong partnership.




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