Partnership vs Joint Venture - Which is Better?

Partnership vs Joint Venture – Which is Better?

Carrying on from Part 1 of our series with Kathy, where we focused on her money mindset and how to repay her tax debt, she has another big question for Ian and me.

Kathy has a residential landscaping business and she’s wondering if she should go into partnership with Dennis, who has a commercial landscaping business? She’s really excited about the opportunities for growth and having someone to brainstorm and collaborate with.

Having been in 6 business partnerships (2 successful, 4 duds) – I suggest they look at a Joint-Venture arrangement instead.

Of course, there are also benefits to partnership and Ian and I discuss why our 27 year business partnership has worked so well. Join us as we brainstorm the pros & cons of each arrangement, along with other ways Kathy can test the waters with Dennis first – before committing to anything.

Lastly, we look at a Management Model agreement Kathy and Dennis are considering, and again, discuss the pros and cons.

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Partnership vs Joint Venture - Which is Better?

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About

JINI PATEL THOMPSON

I am. an international bestselling author, health product formulator, horse listener, earth singer, mother, entrepreneur, medicine woman, fungi friend, elephant acolyte and regenerative farmer.

I value friendships, loyalty, community, compassion, authenticity, health, vibrancy, strength, courage and truth-telling. More…