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In this tutorial, Rob Williams hosts a discussion with Wade Carpenter, a CPA specializing in remote construction bookkeeping, and Stephen Brown, a surety bond and insurance expert. They delve into the topic of joint ventures, highlighting their advantages. Wade outlines various reasons why contractors may pursue joint ventures, particularly emphasizing that smaller contractors often lack the financial strength or bonding capacity necessary for larger projects. The conversation touches on how joint ventures can provide opportunities to mitigate risk and enhance bonding capacity, ultimately benefiting all parties involved.