Partnerships VS Joint Ventures
Joint ventures and partnerships are common forms of legal structures used by business owners to combine resources, talents, or skills with another person or business. The two terms are often mistakenly interchanged to define the association with the misunderstanding that they are the same. On the surface, these partnerships and a joint venture share many similarities, both involving more than one party getting together for the purpose of undertaking business or some other project. However, there are significant differences within legal language that define distinct business models and the regulations surrounding each.