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BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.

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Q: What is an example of a joint venture?
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If taxed as a partnership why is a joint venture different. why is it not considered a partnership too Can a member of the joint venture spend whatever they want without consulting the other member


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What is an example of joint venture?

BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.