-Business Organization entities, part 2
-Partnerships and the LLC
-7 New Years Resolutions for work

Welcome back to the MBA Working Girl Podcast-Where Business Theory and the Real World Collide! I'm the host, Laura Adams.

MBA Essential Tip:
A Joint Venture is a relationship that's formed for a single specific business enterprise.
It's similar to a General Partnership in these ways:
-the parties share an interest
-the parties have equal rights to direct and govern
-the parties share in the profits and losses
-the parties combine their property, money, skill or knowledge

A JV is different however, in that the relationship ends once the project is completed. It also differs because there is no mutual agency relationship between the partners. So it's more difficult for one member to bind another member. A JV should always be very clear that it is not a partnership when dealing with 3rd parties.


"What you do speaks so loud that I cannot hear what you say."
-Ralph Waldo Emerson (1803-1882)

This episode is Part 2 about Business entities. Tune in to hear about the 3 different forms of Partnerships and to understand the popular LLC.
Then I'll end with 7 Resolutions we all need to take with us to work in 2008 - HAPPY NEW YEAR!


Did you get a new iPod or Zune over the holidays?  Make sure to subscribe to this show by searching for us in either directory.
I always welcome listener feedback at [email protected]

Thanks for listening-
Do Good Work, Laura

Direct download: MBA_WGP_38_-_What_You_Do_Speaks_So_Loud.mp3
Category: podcasts -- posted at: 6:03 PM
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