{"id":4020,"date":"2019-12-11T09:08:16","date_gmt":"2019-12-11T09:08:16","guid":{"rendered":"https:\/\/www.tayloremmet.co.uk\/blsblog\/?p=1750"},"modified":"2019-12-11T09:08:16","modified_gmt":"2019-12-11T09:08:16","slug":"propose-to-another-company","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/propose-to-another-company\/","title":{"rendered":"Advice for your business: On the 5th day of Christmas\u2026"},"content":{"rendered":"

…propose to another company.<\/h3>\n

Why not use one of those five gold rings this Christmas to initiate a marriage between your company and another?<\/p>\n

This kind of agreement is more commonly known as a joint venture, which is a commercial arrangement between two or more economically independent organisations.<\/p>\n

You and the other party will need to address a number of issues at the outset, including how the joint venture will be structured, whether it will operate as a separate legal entity and the tax implications for members, as well as the operation itself. Incorporating a separate legal company is often the most appropriate for conducting a joint venture business, as the new company can purchase assets and contract in its own right.<\/p>\n

If you do decide to set up a joint venture company, you will need to consider certain key issue so that the necessary documents can reflect your intentions. You might want to consider:<\/p>\n