A business joint venture exists where at least two parties go into business together for the same goal. The joint venture may take various corporate forms, such as a partnership, limited liability company or corporation, depending upon the particular needs and desires of the parties entering the joint venture. Generally, business joint ventures involve the parties contributing in the start up of the business and thereafter, sharing in the revenues, expenses and control of the enterprise. Joint ventures should be structured by a formal legal agreement. This agreement may be included in any corporate formation documentation, or it could be a free standing agreement. Parties can tailor the business joint venture agreement to its specific needs, so long as the arrangement does not violate any laws or run afoul of any statutory limitations on corporate form