Business Terms Glossary

Joint Venture

Definition of Joint Venture

A Joint Venture is a legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses.

There must be a legal entity. If there is no legal entity for the joint venture, the partnership is simply a strategic alliance, rather than a joint venture.

In a joint venture, both firms share in the efforts and in the profits or loss. The requirements of each firm are outlined in a joint venture agreement.

Joint Venture References On This Site

These Gaebler.com articles mention this glossary term:

• Economic Derivatives - Economic derivatives were first issued through a joint venture between Goldman Sachs and Deutsche Bank in 2002. Neither...
• How To Start Exporting - You can accomplish this through agents, distributors, or joint ventures. Use the contacts you established in Step 2 to...
• VAT Benefits - Many large corporations prefer to do business abroad in many instances, and engage in joint ventures and partnerships with international firms in order to reap...
• Taxes on Husband and Wife Businesses - Under this new legislation, husband and wife small businesses can be categorized as qualified joint ventures if they meet certain IRS criteria...
• The Automotive Industry in China (Part 2 of 2) - However, as Chinese automakers gain experience from interacting with the market and partnering with foreign auto makers in the form of joint ventures, quality has increased dramatically in recent years...
• Body Language in Business: An Introduction - This can especially useful when an entrepreneur is involved in negotiating venture capital terms or a joint venture. It is a great tool to see who is...
• How Melissa Cassera Went From Ad Sales Rep to Starting a Publicity Firm - Open your eyes to new possibilities and opportunities, look for joint ventures, non-profit partnerships or investors...
• Franchising in China (Part 4 of 4) - Foreign franchisors can consider entering China via joint ventures with local Chinese who have a degree of experience...
• Why Do Companies Acquire Other Companies? - In short, the rationale for pursuing an acquisition boils down to the acquisition being a better option than building a company from scratch or achieving an objective through joint ventures and other alliance strategies...
• Considerations in Selecting a Joint Venture Partner - In order to pick a good joint venture partner, you need to consider what the partner brings...
• Robert Mondavi and The Mondavi Brand - Moreover, joint ventures with other wineries such as Opus One have allowed...
• Interacting with Company Stakeholders - However, firms and their competitors can participate in joint ventures, cooperative lobbying efforts, and mergers to benefit both parties...
• Interview with Indiespace Founder Jeannie Novak - The phone company didn't even know what a T1 line was at the time and had to do a joint venture with a competing company in order to install one...
• How To Start Exporting - You can accomplish this through agents, distributors, or joint ventures. Use the contacts you established in Step 2 to...
• VAT Benefits - Many large corporations prefer to do business abroad in many instances, and engage in joint ventures and partnerships with international firms in order to reap...
• Economic Derivatives - Economic derivatives were first issued through a joint venture between Goldman Sachs and Deutsche Bank in 2002. Neither...
• Robert Mondavi and The Mondavi Brand - Moreover, joint ventures with other wineries such as Opus One have allowed...
• Interacting with Company Stakeholders - However, firms and their competitors can participate in joint ventures, cooperative lobbying efforts, and mergers to benefit both parties...
• The Automotive Industry in China (Part 2 of 2) - However, as Chinese automakers gain experience from interacting with the market and partnering with foreign auto makers in the form of joint ventures, quality has increased dramatically in recent years...
• Body Language in Business: An Introduction - This can especially useful when an entrepreneur is involved in negotiating venture capital terms or a joint venture. It is a great tool to see who is...
• Interview with Indiespace Founder Jeannie Novak - The phone company didn't even know what a T1 line was at the time and had to do a joint venture with a competing company in order to install one...
• How Melissa Cassera Went From Ad Sales Rep to Starting a Publicity Firm - Open your eyes to new possibilities and opportunities, look for joint ventures, non-profit partnerships or investors...
• Franchising in China (Part 4 of 4) - Foreign franchisors can consider entering China via joint ventures with local Chinese who have a degree of experience...
• Why Do Companies Acquire Other Companies? - In short, the rationale for pursuing an acquisition boils down to the acquisition being a better option than building a company from scratch or achieving an objective through joint ventures and other alliance strategies...
• Considerations in Selecting a Joint Venture Partner - In order to pick a good joint venture partner, you need to consider what the partner brings...
• Taxes on Husband and Wife Businesses - Under this new legislation, husband and wife small businesses can be categorized as qualified joint ventures if they meet certain IRS criteria...