Create a joint venture company in Scotland: when entering into a joint venture in Scotland with another limited company to work on a project or in a certain area you hope will be mutually beneficial, you need to ensure the terms of the venture are properly agreed and the business path is clear before you proceed.
That's why getting the right advice at the outset is critical to registering a Scottish joint venture company that's workable and has solid foundations. It’s the only way of making sure the venture runs smoothly and avoids disagreements between the parties later on that might upend the entire collaboration.
At Coddan, our seasoned business consultants are available to initially discuss with you what your expectations regarding a planned joint venture in Scotland with another private company. Such enterprises can be hugely beneficial in terms of company expansion and profits because they enable firms to work together without having to merge or be taken over.
At the outset, you will need to have firm discussions with the other party as to the basics of the venture: what employees from both sides will be involved in the venture; the division of shares; sharing of and responsibility for profits and losses; and many others.