In the Marietta Daily Journal, Bil Lako, CFP®, explains how the average investor is asking, “Did we have a recession?” in the same breath that they say, “Well, with the economy in a recession right now…”
When multiple business entities make a decision to start a new business together as a cooperative arrangement, they form what is known as a joint venture. In creating a joint venture, each of the involved entities agrees to what assets they will contribute, how they are going to distribute income and share expenses, and how the new entity will move forward.