In seeking out opportunities to further your business goals and grow your profits, you may be considering a joint venture with another San Diego business, or with businesses in markets elsewhere in California or beyond. A “joint venture” can be created when two or more persons or businesses join together for a single project or for a series of transactions. This forms a short term business that operates separately from your already existing independent business. In most ways, a joint venture is like a partnership, but the main difference is that a joint venture is meant to last for only a limited period of time to carry out a specific business project, while a partnership is usually meant to be an ongoing business. Often, businesses or entrepreneurs decide to join together because their products or services complement each other. Through a joint venture, you may want to combine products, unite manufacturing, create joint marketing or cross-endorsement plans, share technology or research and development efforts, expand product distribution, or combine resources and expertise in real estate development and investment. Whatever the plan, the objective is always to create a vehicle for greater mutual gain through the joint pursuit. (more…)
Archive for January, 2010
San Diego Business Alliances: Protect Yourself and Your Investment with a Joint Venture Agreement
Thursday, January 7th, 2010
Eminent Domain: Your Rights When the Government Wants Your San Diego Property
Thursday, January 7th, 2010The government doesn’t always need a for-sale sign to be posted in front of your San Diego property. Not only that, you may have to give up your property despite the fact that you’ve outright rejected the government’s unsolicited offers to buy your home or other property. Why? Because our property rights are limited by the federal, state, and local government’s sovereign right to take property through “eminent domain” (also known as condemnation). The power of eminent domain comes from the government’s right under the 5th Amendment to the U.S. Constitution and under our California Constitution to take private property for a “public use” in exchange for “just compensation,” e.g. the fair market value of the property. Both willing and unwilling sellers who find themselves in this situation have to act quickly to challenge the government’s actions or unfair offers of compensation. This often starts by recognizing that there are limits to the government’s right to condemn property through eminent domain, and you have your own property rights that you must be ready to immediately act upon. (more…)
