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Ella Bernie posted a new activity comment
Ooh it’d be great to get some community feedback on this – Zarir 'Zed' Vakil, Alex Pitt, Jen Whitfield, Caoimhe Kelly, Pete Domican, Saori Okada, Shalaka Laxman, Mike Richardson, Emma Wallace, Nikhil, Y E Leong, Tracey Rob Perera, Nikki Eve Wallis, Duncan Dalzel-Job, Ilaria Vilkelis, Roshana Arasaratnam, Stephen Fleming
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Jane O'Sullivan posted a new activity comment
Would love to hear your thoughts – Darren Kirby, Pete Domican, Nicola Twiston Davies, Duncan Dalzel-Job, Silvia Janska, Zarir 'Zed' Vakil,Alex Pitt, Damien, Janis Chan, Rob Wright, Mike Richardson, Jen Whitfield, Johannes Castner, David Worrall, Nikki Eve Wallis, Jessica Heagren
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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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Jane O'Sullivan posted a new activity comment
Hi Adarsh, tagging some of our wonderful community who might be able to offer their insights – Zarir 'Zed' Vakil, Alex Pitt, Caoimhe Kelly, Emma Wallace, Ilaria Vilkelis, Pete Domican, Sarah O'Neill, Kai-Erik Sunell, Rob Wright, Jade Phillips, Silvia Janska, Arabella Nairne, Saori Okada, Shalaka Laxman, Will Greig, Nicola Andrews, Damien, Mike Richardson, Alastair Cook, Veslemøy Klavenes-Berge
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Jen Whitfield – can you make it to Pathfinder Check-In today @ 4pm? We can discuss there