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Today's tutorial discusses joint ventures and collaborations. Joint ventures involve two companies coming together to work on a large project, often for construction. A separate company, the JV Co, is created, typically owned 50/50 or 51/49 by the partners. Collaborations, also known as contractual joint ventures, do not require a separate company. Instead, partners collaborate through contracts outlining their business relationship terms. Both joint ventures and collaborations are common in business partnerships.
