A Joint Venture (JV) Company is a business entity formed by two or more parties, usually for a specific project or business activity. Key differences include:
Shared Ownership: In a JV, the participating entities share ownership, resources, risks, and profits according to their agreement.
Limited Duration: JVs are often formed for a specific period or to accomplish a particular goal, after which they may be dissolved.
Flexibility: JVs allow companies to collaborate without merging their overall operations, making it a flexible option for entering new markets or developing new products.
Legal Forms: A JV can be structured as a partnership, limited liability partnership (LLP), or even a private limited company, depending on the needs of the parties involved.
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