In recent years, joint ventures have become increasingly important as a medium through which companies (both UK and overseas) carry on significant business activities and projects. A key factor in the success of any collaborative venture is a robust and carefully considered structure.
There are four basic options when structuring a joint venture:
- a limited liability company
- a traditional partnership
- a limited liability partnership
- a purely contractual co-operation agreement
In any complex business venture, there are inevitably a vast array of legal issues including, tax, competition law, property and funding. For this reason, it follows that these factors will influence the structure of a venture. Consequently, we take pride in establishing the issues and explaining them to our clients to ensure the most effective one is utilised.
While the structure is vital, it is also of paramount importance to ensure that the venture itself represents a workable entity reflecting the business interests of each party.
If you would like to discuss any of the above topics or receive updates from our corporate department, please contact Michael Cantwell at our Dock Street office on 0113 225 8811.
