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A Friend of Yours Is Considering Entering into a Joint

Question 8

Essay

A friend of yours is considering entering into a joint venture but knows very littl
about this form of business structure. You have been asked to provide the following information:
A) What is the purpose of a joint venture?
B) How are joint ventures taxed?
C) Give an example of a joint venture.

Correct Answer:

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A) The purpose of a joint venture is to ...

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