There are good reasons to partner with other designers or contractors–even competitors–on construction and design projects. Perhaps such a collaboration gives you access to new geographical or industry markets, or enables you to take on a project of broader scope. A joint venture arrangement is a straight-forward way to collaborate in such instances. However, there are issues that should be clearly defined at the outset. In my recent article for the Daily Journal of Commerce, I address the joint venture arrangement and discuss what to consider when setting up a successful joint venture. Read the full article here.
“Joint Venturers Must Venture Carefully” was originally published in the Daily Journal of Commerce on December 16, 2016.