Joint Ventures are where two or more organizations share revenues and expenses proportionally (may be 50-50 or 30-70 or whatever).
Licensing is when one organization pays the other a set fee or variable fee (generally % of sales) for the right to sell a specific product and/or use the other organizations name, trademarks, patents, etc...
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Organizational growth is specifically for small businesses. It introduces them to licensing, new markets, joint ventures and alliances, and new product development.
In order to know how joint ventures are taxed it depends on the type of joint venture formed. There are joint venture companies and just a partnership without forming a legal company. Any, attorney or law website can explain this further. Out-law.com is a good place to start.
Joint ventures or partnerships, if talking about a few people; corporations if they apply to become incorporated, which gives them specific legal rights.
Joint ventures or partnerships, if talking about a few people; corporations if they apply to become incorporated, which gives them specific legal rights.
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