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What are the benefits of the joint venture?
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- What are the relative advantages and disadvantages of settings up a wholly owned subsidiary instead of a joint venture? Explain in detailSuppose a partnership is set up and operated without a formal partnership agreement. What problems might arise? ExplainWhat is a partnership? Outline the legal issues involved in the formation of a partnership. In your answer, discuss the issues that partners should consider in drafting the partnership agreement.
- Define joint ventures?4) The decision-making process in a partnership tends to be faster when A) there are numerous partners who all want to solely control the management of the 4) business. B) there are few partners and all of them are involved in the day-to-day activities of the business. C) the partnership is a domestic corporation with numerous partners. D) there are numerous partners, and the firm has issued public stock. E) the partnership is a foreign corporation that conducts its business outside the state in which it was incorporated.What is Joint ownership?