Joint venture is a business agreement when the parties agree to acquire, for a finite time period, a new entity and also new assets by making contributions equity. They exercise control on the enterprise and consequently share revenues, expenses and belongings. There are other forms of companies such as JV restricted to guarantee, joint ventures restricted to guarantee with partners keeping shares. The best joint endeavor relationships are those during which you continue to find ways to do business with the same people repeatedly. As you trust the other person more, you’re able to think of ideas together that neither of you would have created on your own.