Publications
Publications
- June 1992 (Revised August 1992)
- HBS Case Collection
Parker-Spencer: The Legal Form of Joint Ventures
Abstract
Parker Co., a U.S. based agricultural chemical company with $4 billion in sales, has agreed to a joint venture with Spencer, Inc., a smaller U.S. based company, to develop and market a new herbicide for corn. The two companies must consider marketing, tax, and liability issues to decide whether the new entity will be a corporation or a partnership. Demonstrates how various tax and non-tax factors affect the legal form of joint venture.
Keywords
Business Organization; Joint Ventures; Taxation; Agriculture and Agribusiness Industry; Chemical Industry; United States
Citation
Wilson, G. Peter, and Jane Palley Katz. "Parker-Spencer: The Legal Form of Joint Ventures." Harvard Business School Case 192-155, June 1992. (Revised August 1992.)