What is Joint Venture in Business? How does it differ from Partnership?

Joint Venture is an understanding between 2 or more parties sharing ownership, risks, returns.

Partnership is sharing profits and loss 

The difference between the 2 is that in the Joint venture it can be limited to geographical area  or any other condition where there will be JV., but for partnership there are no conditions.

Joint project is for example such as:

Industry or manufacturing a particular product then sell it or distribute it later to another party. Partnership types differ in

Type and nature in general means, for example, it is possible, for example, be:

Share capital without interference in management: management partnership is possible only: it is possible

Participate in management and capital partnership ratios differ with some of the terms for agreed between both parties which have specific percentages of partnership, for example, a ykod by 50% or more or

Lesser

Alternative Translations

A joint venture involves two or more companies joining together in business, whereas in a partnership, it is individuals who join together for a combined venture.