Business and Corporate Law Assignment (Doc)

Added on - 21 Apr 2020

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Running head: BUSINESS AND CORPORATE LAW0Business and CorporateLaw
BUSINESS AND CORPORATE LAW1Table of ContentsIntroduction................................................................................................................................2Partnership..................................................................................................................................3Joint Venture (JV)......................................................................................................................4Legislation application of Partnership and Joint Venture..........................................................4Difference between Partnership and Joint Venture....................................................................4Advantages and Disadvantages of Partnership..........................................................................5Advantages and Disadvantages of Joint Venture.......................................................................5Recommendation........................................................................................................................6Conclusion..................................................................................................................................7References..................................................................................................................................8
BUSINESS AND CORPORATE LAW2IntroductionPartnership is a legal relationship which is created by the agreement constructedbetween two or more peoples with an objective to carry on the operations of business as co-owners. A joint venture can be defined as the agreement between two entities which agreed topool their resources and work together to achieve a common objective. This report willcompare the features and legislation of partnership and joint venture. Further, the report willdifferentiate between them and recommend one of them for Xiaojing, Lance, and Nickbusiness based on the advantages and disadvantages each business structure.
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