Posted by John B. Corey Jr. on August 22, 2005 at 18:15:54:
There is no magic to a JV and therefore no courses per say. Oh, I am sure you could find one to spend money on but you would be paying for info that is free here.
If a deal makes sense to you and it will actually work then deciding to let a buddy in on the deal is all you need to know about JV. Instead of one buyer you have two.
There are lots of variations but the key is a deal either makes sense or it does not independent of the ownership.
JV deals can be very messy as two people rarely agree. Hence what you should focus on is the deal structure (who pays, how puts in time, how much of each, when will people exit, what happens when someone dies or have a major life event that changes their motivation).
There is no obvious reason to do a JV deal if you could do the deal by yourself. Use hard money as an alternative to a JV deal - most of the time hard money costs less then what a partner would expect.
Many of the US books will be useful in Canada when it comes to thinking about deal structures. The legal framework for a JV deal is specific to the legal rules in a location so that is much more local in nature.
Chelsea Private Equity LLC