Business Plan Template

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The following business plan checklist assumes that there will be a Joint Venture Company (“Company”) whereby two or more parties establish a business, with its own management structure, in which the parties will participate on an "equity" basis - rather than simply a cost-sharing collaboration without an identifiable jointly-run business (please refer to the Co-operation, Collaboration and Unincorporated Joint Venture Checklist).

Checklist for Joint Venture Company and Shareholders Agreement

1. Purpose of the Joint Venture 

First Things First - is to understand the purpose of the joint venture for planning purposes:

• who are the parties to the joint venture?
• what are the primary commercial objectives?
• is it confined to a particular territory or technological field?
• what are the key interests of the parties to protect? 
• how do the parties expect to make a commercial return from the venture?
• what rights of control or participation do the parties expect?
• do the parties need or have an exit strategy?

The business plan can be a vital document to ensure that the joint venture parties "own" common and clear objectives for the venture. It is common to identify the opening business plan in the joint venture agreement.

2. Ownership and Funding

Ownership. Ownership/voting shares of the parties will be vital:

• will it be a 50:50 deadlock joint venture - or will one of the parties have a majority interest?
• will economic ownership and voting rights be the same?

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