The cooperation of two or more individuals or businesses in which each agrees to share profit, loss and control in a specific enterprise.
Forming a joint venture is a good way for companies to partner without having to merge. JVs are typically taxed as a partnership.
I tried to go a little deeper and really figure out what they are but all of the rules and regulations are over my head. I will have to do a little more research when I have more time.
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