Questions to Consider Before Entering a Joint Venture
A joint venture partnership between two or more business entities is often started to launch a new business activity by pooling the members’ resources and skills to reach a specific goal. Usually, one company may realize limitations in its business that can be strengthened by another company’s expertise. Should the companies agree to work together, they can enter into a joint venture. The most important steps companies can take before working together are evaluating if they are a good fit for each other and defining the business of the venture.