Respuesta :
Rocket Corporation and Star Inc. wish to combine their capabilities to launch a single flight to the moon. The appropriate legal entity for this project is most likely a joint venture.
A joint venture (JV) is an agreement between two or more parties to combine their resources in order to carry out a certain objective.
They can adopt any legal form but are a partnership in the common sense of the word.
JVs can be created using corporations, partnerships, limited liability companies (LLCs), and other commercial structures.
JVs are frequently used to collaborate with a local company to enter a foreign market.
A joint venture might benefit from the combined resources of the two businesses to accomplish its objective.
While the other firm may have better distribution networks, one company may have an established manufacturing process.
Hence, The appropriate legal entity for this project is most likely a joint venture.
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