Partnership vs joint venture

In the past week I have come across some advice given in another place namely that two individuals should treat their arrangement as a joint venture and not a partnership? What is the difference between these two structures and more importantly, what tax advantage does a joint venture present over a partnership? Personally, I can not see any difference between them.
Chris dxuk

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joint venture or parthership

nick farrow |

Jim has put his finger on it in his last sentence

carnmores |
carnmores's picture

JV - I think not

AnonymousUser |

have a think about

carnmores |
carnmores's picture

thanks

chrisdxuk |

I am no authority on the subject but..

Dave Paveley |