Joint ventures (JVs) are formed for a variety of purposes, ranging from a legal requirement to have a local partner to sharing risks in capital intensive operations demanding a long payback period. A JV may consist of an operating partner and one or more non-operating partners which combine resources to share revenues and expenses.
By their very nature, JVs can create complicated accounting and resource sharing arrangements. They are popular when a business is expanding into new territories.
HLB can provide assistance in finding JV partners and in verifying the transactions of a JV to protect the interests of their clients.
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