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Piett and Wright Las Vegas Attorneys at Law
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509 South 7th Street Las Vegas, NV 89101 Phone: 1-702-566-1212 Fax: 1-702-566-4833 Toll Free: 866-373-0012 E-mail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
| Joint Ventures |
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In a joint venture, the members are co-owners of the business enterprise and share profits and losses. A joint venture is distinct from a partnership in that it is usually formed for a single project or transaction or a series of transactions. While a partnership is usually intended to be a continuing business for an indefinite period of time, a joint venture is limited in scope and duration. Though no formal filings are required for a joint venture, it is highly recommended that the joint venturers enter into a written agreement to govern their conduct throughout the life of the venture. |