The joint venture is one of the most implemented approaches in trying to enter a foreign market, the Japanese one included. Joint ventures are recognized by the Japanese law as subsidiary companies, which can either be a limited or an unlimited partnership. Foreign firms tend to rely more on limited ones in order not to be personally responsible for the subsidiary’s debts. There are two kinds of limited partnerships, which are:
The unlimited partnerships, as rare as they may be, fall under the following categories:
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