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Jen Whitfield posted a new activity comment
Thank you so much for your responses Ben Legg Zarir 'Zed' Vakil and John Panczak; it was more practical help I was looking for – I should have specified – around how the formation actually works. My business partner and I both have our own ltd companies (where we are businesses of 1), so understand that basic process, but we didn’t know if there were any additional complexities or requirements with it being a JV, and with it being a subsidary of our two businesses (i.e. the directors being corporate entities, rather than individuals). Its a really small operation and we could have done this more informally; but our accountants both recommended this as the most efficient, transparent and risk-avoiding way of working, rather than one contracting from the other’s business etc.
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Ella Bernie posted a new activity comment
Hi Jen, really interesting question! Tagging some seasoned portfolio professionals who might be able to offer some words of wisdom Zarir 'Zed' Vakil, Alex Pitt, John Panczak, Vic Mistry, Ian Bessarabia, Rich Mills
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Thanks Ella Bernie. Many years ago I worked for a biotech compamy and we did two seprate JV’s, one with Boots and the other with Air Products. The structure was very similar with the biotech company transferring around 25 people into the new JV, licensing certain technology on a FOC basis while our partner put in £3m in funding. Each JV was 50/50 and they both worked well, however you always need to think through what happens when the partners disagree, which they will at some point in t…
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Ella Bernie posted a new activity comment
Hi Selin, thanks for sharing! Tagging some people who might be a good fit for this – Nick Norman, Samuel Burdge, Hugo Clarke, John Panczak, Tomas E, Johny C [仲倪]
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Ella Bernie posted a new activity comment
Hi Sarah, sorry this got missed and welcome to our community
Tagging some of our community who are also NEDs and trustees who you might want to connect with – James McKerracher, Jake B, John Kerner, Justin Abbott Chalew, Derrick Gray, Mike Weston, John Panczak, Peter Simeonov, Arabella Nairne, Dene Heywood, Amanda Green, Lisa Karran, Amelie Chowna, Caroline Marsh
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Ella Bernie posted a new activity comment
Hi Stuart, thanks for sharing – sounds really interesting! Tagging some people who might be interested – Zarir 'Zed' Vakil, Krishna Mohan - Consultant Projects & CAD, Volker Ballueder , Peter Simeonov, Kai-Erik Sunell, Maria Evans PhD, Kellie O Hara, Iain Hunter, James McKerracher, Ilaria Vilkelis, John Panczak, Faris Aranki, Mike Richardson, Jen Whitfield, Ian Bessarabia, Laura Thomas
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Jen Whitfield – can you make it to Pathfinder Check-In today @ 4pm? We can discuss there