Joint Venture Companies
If you are thinking of undertaking a business project with another company which is separate to your day to day business a joint venture company might be the answer.
The benefits of a joint venture company include:
- it is limited by shares
- the shares can be owned jointly by two or more parties or companies
- it can be used for a specific business venture
- your existing company is not affected by the joint venture
- you do not have to give shares in your existing company to your joint venture “partners”
At Hart Brown our specialist lawyers have advised many clients on joint venture projects and have helped set up the necessary companies. We also strongly recommend having a joint venture agreement setting out what all the parties have agreed.