Setting Up A Joint Venture In India

A joint venture is a tactical partnership where two or more people or companies agree to put in goods, services and/or capital to a uniform commercial project. A joint venture is a new enterprise owned by two or more participants. Though the joint venture represents a newly created business enterprise, its participants continue to exist as separate firms. A joint venture can be organized as a partnership firm, a corporation or any other form of business organization that the participating firms choose to select.