Basic Joint Venture: Features and Types

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Business Setup

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Business Setup

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Others

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Tax & Compliance

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RoDTEP

Changes in Pvt Ltd Company

Add a Director

Remove a Director

Increase Authorized Capital

Close the Pvt Ltd Company

Strike off Company

Change Objective/Activity

Change Address

Changes In Limited Liability Partnership

Add Designated Partner

Changes to LLP Agreement

Close the LLP

Mandatory Annual Filings

Annual Compliance Services

LLP Annual Filings

Secretarial Audit

Labour Compliance

Provident Fund (PF) Registration

ESI Registration

Professional Tax Registration

Shops and Establishments License

Employee Stock Option Plan [ESOP]

POSH Compliance

Labor Law Advisor

Accounting & Tax

Accounting and Book-keeping

TDS Return Filing

Individual Income Tax Filing

Proprietorship Tax Return Filing

ITR for LLP

Corporate Tax

Income Tax Assessment

Income Tax Notice

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Convert Your Business

Proprietorship to Pvt Ltd Company

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RBI Compliance

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Others

Fundraising

NGO Registration

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Property

Property Title Verification

Property Registration

Rera Complaint

Licenses & Registrations

Gun License

Name Change & Other Conditiions

Name Change

Religion Change

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Online Police Complaint

Marriage

Marriage Registration

Court Marriage

Mutual Divorce

Divorce Alimony

Restitution of Conjugal Rights

Immigration

Corporate immigration

Family immigration

College immigration

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Online Consumer Complaint

E-Commerce Consumer Complaint

Insurance Consumer Complaint

Lawyer Services

Labour Law Advisor

Criminal Lawyer

Labour Lawyer

Consumer Court Lawyer

Intellectual Property Lawyer

Trademark Lawyer

Reply to ITR Notice

Expert Services

Technology, Media and, Telecom (TMT)

Risk Management and Regulatory Risk

FAQ's on Basic Joint Venture

Should a joint venture always be prepared on a 50: 50 ratio of ownership?

In a joint venture between two companies, each company invents an agreed-upon ratio of capital or resources to fund the venture. A joint venture may have a different split up, like a 50-50 ownership split or another split, like 60-40 or 70-30.

What is the validity period for a joint venture?

Joint ventures are generally non-transferable and do not involve the creation of a new entity unless one (such as an LLC) is filed for. Typically the business relationship in a joint venture will last for 5-7 years anywhere.

How to terminate or exit a joint venture?

It is easier to terminate a joint venture if you have identified the main problems in advance. A negotiated joint venture may involve termination terms, such as a distribution agreement. For instance, you may give three months’ notice to end the agreement.

Is the joint venture a legal enterprise in India?

Yes, a 'joint venture' is considered a distinct legal term in India. A joint venture is known as a joint partnership, by the provisions of the Companies Act 2013, whereby the parties having joint control of the agreement have the rights to their net assets.

Why do companies want to enter into a joint venture?

The reasons behind the formation of a joint venture include the expansion of business, the development of new products, or the move to new markets, especially overseas. Your business can have strong growth potential, and you might have innovative ideas and products. A joint venture could, however, give you more money.

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