The complexity of a joint venture varies depending on its legal framework, the level of capital the parties contribute, and the total scope of the project. A joint venture can be based on a contractual relationship. It may also involve the formation of a separate legal entity that would dissolve after the project is complete. […]

A joint venture is a relationship between two parties who team up to pursue specific goals by contributing their share of funding and services. Such strategic alliance focuses on a single project of limited duration. Profit-making may not be its primary objective. Many joint ventures are formed to accomplish a specific goal, for example, undertake

Setting up a nonprofit entity under state law is only the first step on the long road to obtaining a 501(c)(3) status and tax exemption from the IRS. The entire process can take several months. After the new entity is formed under state law, the organization must submit an application for tax-exempt status on IRS

Signing a letter of intent to sell a business is a big step for a business owner. However, before the proverbial ink on the LOI dries up, the due diligence process begins, and many businesses need to prepare for the depth of the examination that follows. While business owners often dread the process, they should