What is a joint venture?

Please help improve this article by adding links that are relevant to the context within the existing text. A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

How did the private sector get involved in the arms industry?

This galvanized the private sector into weapons production, with the surplus being increasingly exported to foreign countries. Armstrong became one of the first international arms dealers, selling his weapon systems to governments across the world from Brazil to Japan.

What are some of the joint ventures of Reliance Industries?

It also operates two joint ventures, namely Viacom 18 and History TV18 with Viacom and A+E Networks respectively. It also have acquired a partial part of ETV Network and since renamed its channels under the Colors TV brand. Reliance Eros Productions LLP, joint venture with Eros International to produce film content in India.

What is the third sector?

Discourse on the “third sector” began in the 1970s in France as a result of the crisis in the welfare state.

The classic definition of a joint venture is a business arrangement in which two or more companies combine resources on a project or service. The length of the agreement and what resources it will include will vary.

How does a joint venture pay taxes?

If the venture operates as a separate business entity, it will pay income taxes just like any other type of business. In the agreement, the parties involved specify how they will split profits and losses and how they will pay any taxes that are due. There are two major types of joint venture that two or more companies might participate in.

What can go wrong with a joint venture?

Each party retains ownership of their property, and depending on the terms of the joint venture contract, you and your partners may contribute resources unevenly. This can lead to problems if the profit-sharing arrangement doesn’t adequately compensate one side or the other.

Are joint ventures 50-50 companies?

While most businesses entering joint venture agreements are limited liability companies (small businesses), each participant is equally responsible for legal claims arising from the joint venture, regardless of its level of involvement (or profit) from the venture. So are joint ventures 50:50? Not necessarily.