Trading names and corporation/company formation procedure
Trade Mark: a “sign” used to distinguish one person’s goods or services from those of another.
Partnership: the relation subsisting between two persons carrying on business in common with a view to profit. Each partner is jointly and severally liable for liabilities incurred in the business.
Joint venture: There is no settled legal definition, but it is similar to a partnership, with the parties contributing resources in pursuit of a common commercial objective. Whereas a partnership is usually concerned with an ongoing business, a joint venture is concerned with a particular project. An unincorporated joint venture does not involve a separate legal entity, and each member can be liable for the debts of the venture.[Previous: Policy] [Next: Accountability]