Joint Ventures

I have been advising on business structures for 40 years.

I'm still dismayed how often when I am approached to advise on:

 -        Parties going into a joint venture, the party who is engaging me comes along with documents someone (including business, financial and legal advisers) have not covered the fundamentals resulting in little attention if things go wrong including one of the parties not fulfilling what was expected of them; and

-        One of the joint venturers finding himself in a structure and in effect powerless.

Very often the parties have resisted the advice too confident to be objective and circumspect to think about the fall back position.

I am quite happy to give pointers to anyone who's interested in advice on business structures .

Victor Berger