A Joint Venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, knowledge, intellectual property, assets, and, of course, profits.
Joint ventures can involve any type of business transaction and the "persons" involved can be individuals, groups of individuals, companies, or corporations that increase your business fast and easily.
Service tax is a tax levied on service providers in India. It deals with the tasks of formulation of policy concerning levy and collection of Customs and Central Excise duties, prevention of smuggling and administration of matters relating to Customs, Narcotics and Central Excise.
A limited liability partnership is a partnership entity offering its partners, both general and limited, a limited amount of personal liability for the debts of the partnership. It is a comparatively new entity form, but in some cases provides a good alternative to a general partnership, in which the partners have unlimited personal liability for the business's debts.
Partnership is a normal form of business organization in India. The provisions of the Indian Partnership Act, 1932 govern the partnership firms. This act lays down the rules relating to the partnership, duties and the rights of partners and dissolution of partnerships. Partnership is defined as a "relationship" between persons, who have agreed to share the profits of business carried on by all or any of them acting for all.
