Are joint venture profits subject to taxation?

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Can a joint venture borrow money?
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What is the standard of care in a joint venture?
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What kind of legal advice is necessary for forming a joint venture?
Are there any tax benefits associated with joint ventures?
Do joint ventures need to be registered with the government?
What are the best ways to maximize the benefits of a joint venture?
Are there any obligations to disclose confidential information during a joint venture?

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