Monday, March 18, 2019, 1:00-2:00pm
Businesses frequently pool their resources – capital, expertise, marketing, distribution – in joint ventures, leveraging their individual strengths by partnering with companies with complementary strengths.
Joint ventures come in many varieties, including contractual strategic alliances, entity-based ventures, and other hybrid forms.
The key to JV success is carefully planning the immediate and future contributions of each party, apportioning management control and access to information, clearly defining property ownership, dispute resolution, and transfers of interests in the JV.
This program provides a practical guide to planning and drafting joint ventures, including financial and tax considerations, decision-making authority and transfers of interests in the JV, ownership of jointly developed property, and dispute resolution.
Part 1 topics include:
- Joint ventures in business – planning and drafting considerations
- Framework of considerations – formality, capital, tax issues, management control, exits
- Types of joint ventures – contractual strategic alliances v. shared entities v. hybrids
- Choice of entity – incorporated entities v. LPs and general partnerships v. LLCs
- Decision-making, access to information, deadlocks and resolution
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