Definition
A joint venture is a business arrangement in which two or more parties collaborate to undertake a specific project or venture while retaining their separate identities. Joint ventures are commonly formed to combine resources, expertise, and market access for mutual benefit, often in international markets where local knowledge and partnerships are essential for success.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.