Loading ...
Global Do...
News & Politics
4
0
Try Now
Log In
Pricing
1 JOINT VENTURES and LLC’s JOINT VENTURES and LLC’s BENEFITS: •IMPROVE UTILIZATION OF ASSETS •REDUCE OPERATING EXPENSES •BETTER SERVICE TO CUSTOMER JOINT VENTURES and LLC’s WHAT WILL HAPPEN IF WE DO NOT JOIN THE VENTURE? 2 JOINT VENTURES and LLC’s WHO SHOULD BE INVOLVED? MANAGER EMPLOYEES COMMITTEES BOARDS JOINT VENTURES and LLC’s JOINT VENTURE STUDY STEPS: •BOARD DISCUSS PROS AND CONS •FEASIBILITY STUDY •BOARD REVIEWS STUDY •PARTNERS MEET TOGETHER TO DISCUSS ISSUES •BOARDS VOTE TO JOIN VENTURE •OPERATING AGREEMENT JOINT VENTURES and LLC’s MOST IMPORTANT STEP: EXIT PROVISIONS 3 JOINT VENTURES and LLC’s DO YOU WANT TO ADD MORE MEMBERS IN THE FUTURE? JOINT VENTURES and LLC’s YOU MUST KNOW THE FINANCIAL PERFORMANCE OF THE DEPARTMENT YOU ARE CONSIDERING FOR THE VENTURE. JOINT VENTURES and LLC’s KNOW YOUR PARTNERS: •Business Philosophies •Financial Position •Future Plans 4 JOINT VENTURES and LLC’s FEASIBILITY STUDY: • PROJECT OPERATIONS • HOW WILL IT EFFECT YOUR COOP? 1. EXPENSE REDUCTIONS 2. PERSONNEL USAGE 3. ASSET UTILIZATION JOINT VENTURES and LLC’s OPERATING STATEMENT CHANGES: •Sales •Expenses •Income JOINT VENTURES and LLC’s BALANCE SHEET EFFECTS: •Assets •Liabilities •Members Equity 5 JOINT VENTURES and LLC’s EXPENSES OF A JOINT VENTURE MAY BE GREATER THAN OPERATING SEPARATELY. JOINT VENTURES and LLC’s Short Term vs. Long Term? Can you afford to drive the Chevy a little longer if you can get a Cadillac later? JOINT VENTURES and LLC’s WILL A JOINT VENTURE ELIMINATE COMPETITION? 6 JOINT VENTURES and LLC’s THE JOINT VENTURE MUST HAVE THE OPPORTUNITY TO BE SUCCESSFUL! JOINT VENTURES and LLC’s WHY DO JOINT VENTURES FAIL? •BUSINESS PHILOSOPHIES DO NOT AGREE •DUMPING GROUND FOR YOUR JUNK •MANAGEMENT ISSUES •NAME OF JOINT VENTURE •HOME OFFICE •ENTRY / EXIT PROVISIONS •EQUITY BASE •HOW WILL THE CUSTOMER DO BUSINESS •GOVERNANCE •OWNERSHIP RATIOS •PATRONAGE 7 ISSUES •ASSETS (OWN OR LEASE) •LONG TERM GOALS •MANAGEMENT •ACCOUNTING •FINANCING •EMPLOYEES & BENEFITS •NON-COMPETE ISSUES •ATTITUDE OF BOARD & EMPLOYEES •BUSINESS PHILOSOPHIES QUESTIONS OR COMMENTS
