The Benefits of Joint Ventures

Posted on 08.15.16

The Benefits of Joint Ventures

Zach Webber, Business Assurance & Advisory Services Manager, shares his insights on joint ventures in Construction Today's August 12, 2016 article, “The Benefits of Joint Ventures”.


Excerpt:

Investing in a joint venture with another contractor can be a very attractive method to take on larger, more profitable jobs while effectively managing risk. A joint venture is organized as a separate entity and can either be created to bid on a singular project or to function with an indefinite life. For the contractor, investing in a joint venture has certain advantages and disadvantages.


Read the full article.

Questions about the advantages and disadvantages in joint ventures specific to your construction business?  Contact us.  Our Real Estate and Construction team can help.

Source:
Construction Today

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Zach Webber
Zach is a Manager in Keiter’s Business Assurance and Advisory Services department.  Zach is responsible for performing accounting and auditing related tasks, such as planning and preparing audits, recording transactions in journals, reconciling accounts, and preparing financial statements. He serves clients in the real estate & construction, not-for-profit, and financial services industries. Zach  is a member of Keiter’s Real Estate and Construction Industry team. Read more of Zach’s accounting insights on our blog.

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.