A special purpose entity is a type of corporation created to fulfill very specific or temporary goals and to protect the parent company from financial risk. Sometimes special purpose entities are abused by being used to attempt to hide debt, ownership, or relationships between companies.

Special Purpose Vehicle

The purpose of annexure is to acquisition and incorporate an entity.

An SPV is created as a separate corporate entity to implement a particular project. A JV is an entity created through equity participation of multiple firms to do business in a particular area.

Special Purpose Machinery