1. The act of acquiring or gaining possession 2. Something acquired 3. AA person or thing of special merit added to a group
4. (Astronautics) astronautics the process of locating a spacecraft, satellite, etc, esp by radar, in order to gathertracking and telemetric information
An acquisition is a corporate action in which a company buys most, if not all, of another firm's ownership stakes to assume control of it. An acquisition occurs when a buying company obtains more than 50% ownership in a target company.
A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Often the joint venture creates a separate business entity, to which the owners contribute assets, have equity, and agree on how this entity may be managed. The new entity may be a corporation, limited liability company, or partnership.
In other cases, the individual entities retain their individuality and they operate under a joint venture agreement. In any case, the parties in the JV share in the management, profits, and losses, according to a joint venture agreement (contract).
Joint ventures are often entered into for a single purpose - a production or research activity. But they may also be formed for a continuing purpose.
What is a Joint Venture and How Does It Work?
Do you have a business idea and you want to work with another company to promote and sell it? You may want to consider a joint venture. This article focuses on the tax and legal issues involved with joint ventures. By Jean Murray Updated May 04, 2019
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