Unincorporated joint venture

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Unincorporated joint venture

A joint venture in which the legal means of dividing the project's equity is by shareholdings in a company.

Unincorporated Joint Venture

A joint venture where the parties do not form a corporation. That is, an unincorporated joint venture is either an ad hoc project or legally structured as a partnership.
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References in periodicals archive ?
In 1977, new Section 3055 was added to the CICA Handbook specifically allowing firms to use either the equity method or proportionate consolidation to account for interests in corporate or unincorporated joint ventures (Mulcahy 1977).
Research: Investments in corporate and unincorporated joint ventures. CA Magazine (August): 56-59.
Decision usefulness of alternative joint venture reporting methods
18 prescribes the equity method of accounting for corporate joint ventures but does not address the proper accounting treatment of partnerships or unincorporated joint ventures. Canada defines joint ventures more broadly and requires proportionate consolidation.
THE ACCOUNTANT'S ROLE IN JOINT VENTURE ARRANGEMENTS
Similarly, the process whereby a merger is generally reviewed in advance should be extended to unincorporated joint ventures which are typically challenged only after they have been in operation for several years.
71 (transfer of interest in unincorporated joint venture not reportable).
Competitor collaboration guidelines - a recommendation

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