![]() Our experience has been invaluable in the identification, access, negotiation, and execution of partnerships leading to accelerated, profitable, and sustainable growth. ICDC has successfully consulted and advised clients on joint ventures and partnerships across industries and geographies. ![]() We then serve as advisory members to execute partnership and joint venture formation, guiding clients through regulatory, customary, and business frameworks to ensure partnership success. Once identified, we utilize our extensive global networks, connecting clients to senior level decision-makers. The major difference between a partnership and a joint venture is that a partnership is an agreement between two or more people to undertake a business together. ICDC helps clients develop a partner-centric market expansion strategy, identifying synergistic partners who are vetted by local chambers of commerce and through our own thorough diligence processes. Instead, partnership through joint ventures may be the best option for companies to grow quickly, efficiently, and with minimal risk to shareholders. Traditional merger and acquisition paths may be too cost intensive or present too much risk. ![]() In many instances, entering a new market via a go-it-alone strategy reduces speed of entry, creates operating inefficiencies, and requires a company to act with resources it may not have or has yet to develop. Competing in today’s global economy requires companies to innovate, create economies of scale, and optimize operational costs quickly to be competitive. To simplify the administration of the GST/HST for joint ventures, section 273 of the Excise Tax Act permits the operator of a qualifying joint venture (other than a partnership) and any other participant in the joint venture, to elect to designate the operator as the person responsible for accounting for the GST/HST on all properties and service.
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