How to Distinguish Between a Partnership and Joint Venture

Both a joint venture (JV) and a partnership consist of co-owners of a business enterprise sharing the profits and losses. However, typically a joint venture is set up for one transaction or a series of transactions. Therefore, joint ventures are generally distinguished from partnerships by being more limited in both scope and duration. Do you know what business entities can form a JV, and how its done? Join Bill and Rick to learn when and why a JV might be right for your business. View more episodes at http://bottledbusinesssenseshow.com