Generally, a joint venture exposes fewer of a partner's assets to risk than would a wholly owned subsidiary.

Question

Quizplus · Accepted Answer

A joint venture involves shared ownership and management of a business, so the risk is also shared between the partners. This means that each partner's assets are not fully exposed to risk, unlike a wholly owned subsidiary where one company has full ownership and control over the business and assumes all the risk.

Generally, a Joint Venture Exposes Fewer of a Partner's Assets