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Joint Venture
(redirected from Joint ventures)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia, Hutchinson 0.07 sec.
Joint venture
An agreement between two or more firms to undertake the same business strategy and plan of action. See: Incorporated joint venture and Unicorporated joint venture.

Joint venture
An agreement between two or more firms to undertake the same business strategy and plan of action.

joint venture
A business undertaken by two or more individuals or companies in an effort to share risk and use differences in expertise. For example, oil companies often enter into joint ventures on particularly expensive projects carrying a high risk of failure. See also consortium.

Joint Venture
An enterprise participated in by associates acting together, with a community of interests, each associate having the right to participate in its management. For income tax purposes, a joint venture is treated as a partnership, not taxable in its own capacity, but regarded as a taxpayer for the purpose of computing its taxable income, which is distributable among the associates in the proportions agreed upon. Such distributive shares are reported by the associates on their individual income tax returns.


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Wacker-Chemie GmbH, Munich, Germany, and Dow Corning, Midland, MI, have finalized the master agreement for their planned Asian joint ventures to produce silicone intermediates and fumed silica in the Shanghai, China, area.
Whitestone Communications (New York) has launched two new electronic information products covering mergers and acquisitions, Joint ventures and new media products.
The Exempt Organization Taxation Technical Resource Panel is preparing an Information Letter Request to the Internal Revenue Service containing examples of ancillary joint ventures between tax-exempt organizations and for-profit investors that would not jeopardize the organization's exempt status.
 
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