You may want to consider a Joint Venture (JV) arrangement if you are seeking rapid access to new territories and markets. The securing of wider technology resources, gaining access to greater human capital pools plus sharing the risk of a particular project or enterprise are reasons why you may want to consider a JV.
Texas MultiFamily Investments can guide you on the pros and cons of establishing a JV and if you proceed, we can help you to decide whether a JV should be set up as an incorporated entity such as a limited liability company or unincorporated, for example as a partnership or a contract.
We will also assist you to perform systematic research in order to define the JV parties’ shared objectives (both qualitative and quantitative) and highlight the parties’ complimentary values. Our goal here is to solve potential problems before they arise. While trust is a key driver of JV success, lack of clarity about the goals of the JV or how those shared values will affect how either party is willing (or not) to achieve them, can be a major cause of dissention and consequently, distraction.
We also advise on documenting the JV arrangement to provide optimal clarity for both parties.