Joint ventures (JVs) are created when two or more JV partners want to undertake business together. Each JV partner will contribute certain resources in return for shares and/or a percentage of profits.

Nature and key conditions of a joint venture

Business vehicle	-	Normally a private limited liability company is established to conduct the JV venture business.

Process and cost of establishing a joint venture

Once the JV partners have established a agreement on the terms of the joint venture setting out the contributions and rights, the company can be incorporated in the usual way. See Private Limited Companies.