Try to make sure your new partners are a good fit with you and define the business as much as possible ahead of time. But regardless of the length or breadth of the legal agreements you may use, if there is not a high degree of consensus and willingness to work through upcoming problems with your new joint venture partners, you may find yourself bogged down in unpleasant and costly disputes. Many of these business considerations may be handled with a good partnership agreement or unanimous shareholders agreement (if a corporate joint venture). How you will handle cash calls and personal guarantees if required, etc.Potential impact to your present business reputation.The specific responsibilities of the participants.The goodness of fit between the participating companies.The resources and value to be dedicated to the venture by the participants.Whether the venture is for a specific period of time or indefinite.The purpose of the joint venture (and why it may be more appropriate form than an informal alliance).As a start, you should carefully consider and/or define: Now beyond legal and tax considerations are a large number of broad business and cultural issues. Growth & Transition Capital financing solutions Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund
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