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powerbattles

06/05/17 12:38 AM

#11332 RE: JG305 #11331

THE DIFFERENCE OF MERGES AND JOINT VENTURES. WHEN TWO FIRMS MERGE, THEY CEASE TO EXIST AS INDEPENDENT FIRMS. IN A JOINT VENTURE, A NEW SEPARATE FIRM IS FORMED, BUT THE ORIGINAL COMPANIES CONTINUE TO EXIS ON THEIR OWN.