Equipment Sharing and Other Joint Ventures
by Gary Frank, UW Extension
University of Wisconsin–Madison
General
Two types of business arrangements:
Sole proprietorships
Joint ventures – two or more parties contribute to or engage in a business
Advantages of joint ventures:
Combine knowledge and management abilities
Combine assets and financial resources
Economies of size
Time off
Ease inter generational transfer
Disadvantages of joint ventures:
Determining a method of dissolut
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