Description
Many companies that engage in global trade have found a "joint venture" to be a beneficial business structure. The U.S. Justice Department has modified some antitrust merger rules to permit joint ventures in order to allow U.S. companies to compete more effectively in the international business environment.
Identify a joint venture that was created for the purposes of international trade. Discuss how the joint venture benefited the parties and determine whether there were any disadvantages.
Additionally, because business structures vary in other countries, note any similarities and differences, along with advantages and disadvantages, between the U.S.-based structure and the non-U.S.-based structure. How may this impact the obligations between the board of directors, officers, and shareholders?