If two or more parties wish to come together for a common business venture, they are essentially faced with a choice between four legal entities – corporation, limited partnership, partnership or joint venture.
At the start of a joint venture or partnership, the thought of a future dispute is often the last thing on your mind. Unfortunately experience tells us problems can, and often do, arise. As a result, we strongly advise our clients going down this route to consider every aspect of the venture at the outset and make a formal agreement before going ahead. This often saves a good deal of stress, anxiety and money further down the line.
“If you are thinking about embarking on a partnership or joint venture, get in touch with our team.”