Client resources of joint venture partners increase

This preview shows page 2 - 3 out of 3 pages.

client resources of joint venture partners, increase market capacity without borrowing funds or looking for external investors, and share costs and risks with partners. Another advantage of the joint venture is its flexibility. However, cooperation with other companies can be complicated. If the company's partner capabilities or resources do not match the company, the joint venture's goals will not be communicated to all relevant personnel. At the same time, it will lead to insufficient leadership support in the early stages of cooperation, or negative consequences such as insufficient cooperation due to different cultures and management styles. Trust Trust refers to the fact that when the trustee complies with the trust deed, it will hold resources, business, and distribute income to the beneficiary. This business structure is very suitable for multiple families to participate in the business. Compare with companies, the benefits of the trust include a limited liability structure that provides more privacy for the participants. Also, the distribution between parties seems to be very flexible. Since generally the income of a trust can be taxed as personal income, it becomes more efficient and convenient. However, due to the complexity of the trust structure, the
Image of page 2

Subscribe to view the full document.

Image of page 3
  • Fall '19
  • Corporation, partner, joint venture, individual company

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes