Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 5 August 1992
Length: 13 pages
Data source: Generalised experience
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Abstract
Parker Co., a US based agricultural chemical company with $4 billion in sales, has agreed to a joint venture with Spencer, Inc, a smaller US based company, to develop and market a new herbicide for corn. The two companies must consider marketing, tax, and liability issues to decide whether the new entity will be a corporation or a partnership. Demonstrates how various tax and non-tax factors affect the legal form of joint venture.
Location:
Industry:
Size:
USD4 billion revenues
Other setting(s):
1992
About
Abstract
Parker Co., a US based agricultural chemical company with $4 billion in sales, has agreed to a joint venture with Spencer, Inc, a smaller US based company, to develop and market a new herbicide for corn. The two companies must consider marketing, tax, and liability issues to decide whether the new entity will be a corporation or a partnership. Demonstrates how various tax and non-tax factors affect the legal form of joint venture.
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Location:
Industry:
Size:
USD4 billion revenues
Other setting(s):
1992