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one of the things that comes up all the time today with construction companies is all doing business now in the format of a joint venture with other sometimes multiple other entities other construction companies real estate developers what-have-you and a lot of times the tax side of it is an afterthought they think we just have to set up a partnership we wont worry about it but it really is something that you have to you have to look at its not a boilerplate situation the tax side can be a great opportunity but it also has some risks as well the joint venture agreement is something that the attorney is going to do but like any agreement we want to look at it from a tax side so before anything gets signed you got to make sure that the structure is right from a tax perspective again the agreement from an economic standpoint thats the legal side of it but how it impacts your tax return how it impacts the members and the planning the ability to take advantage of tax methods which the at
