Joint Venture

Two or more people contribute goods, services, or monetary resources to a shared business enterprise. This is usually founded with a contract that all parties will sign. That contract will describe things like profit distribution, the management structure, and who is responsible to contribute what.

Franchise

An individual or a business may wish to establish and operate within parameters set by another company where the products, services, procedures, and more are all prescribed by the company.

Subsidiary

A company in one country can establish a presence in another country, provided they are following all the laws and rules in the new country.