wat is the difference between JointVenture and Partnership ?

Answer 1

partnership:
partnership in general sense means individuals and not corporations come together and put capital for a certain business and share the profits in the specified ratios. it could be registered or not. it could be limited liability or not.

joint-venture:
joint venture is generally referred to when two companies come together for a particular purpose. for example they could come to establish a company or could be for a specific purpose. they could come and start a new business that is mutually beneficial or could come to an agreement about a particular product manufacture.

both are literally one and the same as the capital is put by both the parties and they share the profits that arise. except that partnership is treated as a legal entity and JV may or may not be depending on the separate entity that is formed.
check out this:
http://en.wikipedia.org/wiki/Joint_Venture
http://en.wikipedia.org/wiki/Partnerships

Answer 2

Yes, there is a big difference between joint venture and
partnership. In the case of joint venture business, a person or
a company seeks out another person or company to under-
take a business project in the form of joint venture and between
them it could be on a 50:50 % basis or 40:60% basis or even
30:70% basis depending on who has the financial clout to
spearhead the jv project (which is usually huge in capital and
cost set-up). On the other hand, partnership is between two
or more persons decided to team up and form a company to do
business and it is called partnership company.

Answer 3

Joint-venture is a kind of partnership that is generally done for a business outside the country.
For ex: an Italian construction company wants to do a business in Romania. It would be easier for them to go on a partnership(joint-venture) with a local Romanian company than being alone. Also the partners can be more than 2 companies.

Answer 4

In the common law, a partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which they have all invested. There are two types of partners

A joint venture (often abbreviated JV) is a strategic alliance between two or more parties to undertake economic activity together. The parties agree to create a new entity together by both contributing equity, and they then share in the revenues & expenses

Answer 5

Joint Venture: When two or more individuals or corporations cooperate in a business venture and agree to split the profits and management.
whereas in partnership no management is split.

Answer 6

I think that the word jointventure is used when the partners are companies, not individual. But I am not sure.

Answer 7

JOINT VENTURE IS BETWEEN CORPORATES AND LIMITED TO BUISSINESS AND MONETARY GAINS/PROFITS WHEREAS PARTNERSHIP CAN BE BETWEEN INDIVIDUALS. AIMED AT MUTUAL BENIFITS OF ANY KIND...MONEY, SEX COMPANIONSHIP ETC.

Answer 8

between two countries and between two persons