TraciKnoppe
August 4th, 2009, 03:40 PM
A partnership is a legal business entity and is defined either via a true business partnership or via one of a few corporate status' you could go through for your company with you two holding positions within the company (President, CEO, etc..). So a partnership is literally how you have your business setup legally for tax purposes, and also how you choose to run your business on a day-to-day basis as well.
A JV partner, is someone you partner with for a specific project only. You collaborate for a special promotion for a product or launch with terms you have defined between the two of you.
For example: if your friend is the one who has written the book, then you would be her JV partner and would then promote her book for a % of commission from the sales you make selling her book. You could choose to do webinars together, or you could promote her book via your mailing list or however you want.
A JV partner, is someone you partner with for a specific project only. You collaborate for a special promotion for a product or launch with terms you have defined between the two of you.
For example: if your friend is the one who has written the book, then you would be her JV partner and would then promote her book for a % of commission from the sales you make selling her book. You could choose to do webinars together, or you could promote her book via your mailing list or however you want.