If a joint venture is operated as a partnership,then each joint venturer is considered a partner of the joint venture.

Question

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If a joint venture is operated as a partnership, each person or entity involved in the venture is considered a partner, and they share the profits, losses, and control of the business. This means that they would also be responsible for any liabilities incurred by the joint venture.

If a Joint Venture Is Operated as a Partnership,then Each