Joint Ventures & Strategic Alliances
Joint ventures and strategic alliances may be viable alternatives to traditional mergers and acquisitions. Even with a scarcity of capital, a company can enter into a joint venture to expand into new markets, fund research and development, and market new or existing products. These ongoing relationships provide the partners with access to additional resources such as technology, management expertise, brands, distribution systems and customers. Additionally, by sharing the risks and costs, the partners are able to pursue multiple opportunities, which create better chances for overall financial success.
Joint ventures are entities or business organizations formed between two or more parties to undertake a common economic activity, often a specific project. It is a vehicle to minimize risk and increase resources and experience. Whether you are developing a plot of land or outsourcing manufacturing operations to Asia, a joint venture may be the appropriate business formation. The parties forming the joint venture may be individuals, corporations, partnerships, limited liability companies or any other legal entity or any combination of entities. The parties agree to create a new entity by both contributing capital resources and then share in expenses and revenue, as well as management and control of the entity. The joint venture itself may be formed as a partnership, corporation, limited liability company or any other legal entity. In some countries, joint ventures are the only vehicle for foreign companies to enter the market place.
How We Serve Our Clients
If you are considering undertaking a project or business venture with another company, or are interested in expanding operations or entering new market segments, our experienced professionals will assist you in developing strategic alliances or a joint venture to achieve your mission. Our attorneys will guide you through the process of determining the proper vehicle for your joint venture, whether it is a joint venture agreement, partnership, limited liability company, corporation, or some other formation. Additionally, we can assist you with general business matters in establishing your organization, such as working with you to draft a business plan, which may be an indispensable tool in attracting investors. Our services also include assisting you with obtaining business or professional licenses, registering fictitious business names, obtaining an employer identification number, and more... We will work with you to minimize risk and maximize your venture's chance of success.
