Establish a joint venture company - partners within the joint venture company: when considering taking on new partners within the joint venture business, there are numerous areas you will need to agree on. All parties involved should be content with the structure and objectives of the joint venture company, as well as the particulars of the limited company management.
You will want to discuss the financial situation of the joint venture company registration, please contact us, and explore the ways to raise new funding. The new agreement for the joint venture business will need to specify the particulars of intellectual property, how to distribute the profits, the resolutions to debates and professional conflicts, and finally, the options available in the event that partners wish to leave the joint venture company.
Transferring assets in to a joint venture company: you will need to consider stamp duty when transferring assets into a joint venture business. If the value of the assets you are transferring rises, then this may increase the liability of capital gains tax.
There are ways for you to transfer assets into a joint venture company and be tax effective, like allowing the joint venture company the right to simply use the assets rather than transferring the actual ownership of it. However, as this is such a complex area of business, we strongly recommend that you seek the advice of a qualified professional before transferring any assets into your joint venture company. If you need an assistance with joint venture company startup, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).