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When two parties or more join together and work on the same project,they form the joint venture.he joint venture is legally separated from the two parties but the parties can control over it.Usually,forming a joint venture have a specific purchose with specific time limit.Diferent parties can contribute different aspects likes knowledge,capital,experience,assets to the joint venture.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoA joint venture is typically a business agreement between two or more businesses for the purpose of a mutually beneficial sales transaction for a product or service. Each party will combine resources and agree upon a shared percentage of the profits or a fee. For example, a mortgage broker may agree to pay a real estate agent a percentage of all profits (or a specific fee like $150), for every qualifying referral from that specific real estate agent. The joint venture is between the mortgage broker and the real estate agent.
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Define proportionate consolidation?
It is referred to proportionate accounting. The proportionate method of accounting consolidation is often applied to joint venture business, where two or more business parties are sharing the same interest based on a contractual agreement. When dealing with proportionate accounting, one has to add investment in the joint venture in the left side of BS, and add each proportion of it to assets, liabilities and profit after joint venture.
Similarities between joint ventures and strategic alliance?
Both have a contract. Joint venture is one kind of strategic allaince . ( Md.Saeeduzzaman Topu,UIU)
What is the Full Form of MSNBC?
MSNBC is a joint venture by Microsoft Corporation and National Broadcasting Company.
How does the us patrol border lakes with Canada?
this is a joint venture with the Canadian Coast guard and the Canadian and US customs
Who owns ESPN?
ESPN has been operated as a Disney subsidiary since 1996. It is a joint venture between Disney and Hearst Corporation, which owns 20%. no, no, no, no, ESPN was created was created by Disney.
Which are the top 10 joint venture companies in the world?
joint venture companies
What types of joint venture are there?
The four types of joint venture are licensing, contract manufacturing, management contracting, and joint ownership
What is the difference between a joint venture partner and subcontractor?
subcontractor join to main contractor to form joint venture but that venture is not partnership
What is buyback joint venture?
joint venture, each partner provides inputs and absorbs outputs
When was Joint Venture - album - created?
Joint Venture - album - was created on 2005-11-15.
When was Wahaha Joint Venture Company created?
Wahaha Joint Venture Company was created on 1996-03-28.
What is the difference between merger and joint venture?
The Joint Venture is temporary partnering and alliance but Merger is permanently combination.
Advantages of joint-venture over partnership?
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
Global One was a joint venture of what companies?
Global One, a joint venture of Deutsche Telekom, France Telecom, and Sprint.
How are joint venture entities taxed?
In order to know how joint ventures are taxed it depends on the type of joint venture formed. There are joint venture companies and just a partnership without forming a legal company. Any, attorney or law website can explain this further. Out-law.com is a good place to start.
Is joint venture is a real account?
yes
Where does the joint venture meet the needs of both the parteners where does it fall short?
At the joint
