First we had to process and consider where there we want to be involved in managing the joint venture

First we had to process and consider where there we want to be involved in managing the joint venture .and we had to consider what might happen in the disaster of the joint venture ,with this comes the question how much risk would I be prepared to accept if things fall apart. To avoid risk a joint venture should offer the following:
• Seeking legal advice to help identify the best option .(the way in which you plan your joint venture affects the way process is followed in achieving set goals as well as how any profits are shared and taxed )
• Risk are highly lightly to occur between partners during joint venture if the objective and communication is not clear
• Different Cultures and style of managing can influence the productivity of the joint venture result in poor integration
• a common risk that occurs is that partners provide inefficient leadership and support in early stages of the joint venture agreement
• the different amount of input of resources and assets invested in the venture