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[Written on June 24, 2009]


Can the Abundant Living System be Considered a Joint Venture?

"Joint Venture" [or JV for short, as I have seen a lot of marketers just use the shortened name] is a business term. A Joint Venture [as defined by Wikipedia] is

". . . an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise.

Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability."

To answer the question, no the Abundant Living System is not a Joint Venture. Joint Ventures are normally used to promote products or websites. Now if you're going to ask "Can the Abundant Living System be used in a way for a Joint Venture?". No, because there are no products or services to sell in the Abundant Living System.


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