Viva Entertainment Group Inc (OTTV)

[JG305]

Respectfully, your argument is non sequitur. I did not mention income or taxes. I referred to assets on a balance sheet. If you own something, no matter the value, it is considered an asset. Viva owns 49% of a joint venture. I was merely pointing out that the JV asset wasn't accounted for on the balance sheet.

Secondly. It is usual and customary to cite a reference when used in any writing. Your post referenced verbatim the following:

"Partnerships are considered “pass through” tax entities, meaning all of the profits and losses of the partnership pass through the business to the partners. The partners then each pay taxes on their share of the profits (or deduct their share of the losses) on their individual income tax returns. "

It was lifted from:
http://www.nolo.com/legal-encyclopedia/partnerships-vs-joint-ventures.html

I sincerely hope you make money on OTTV.

All the best!