When will a Court find that there’s a Joint Family Venture?
In Ontario, a court may find that a joint family venture (JFV) exists when two or more family members enter into a business or other venture with the intention of working together to achieve a common goal or purpose. A JFV can be found to exist even if the parties do not formally create a legal business entity or enter into a written agreement, as long as the necessary elements are present. The common goal does not need to be profit-driven, either. The goal can be something akin to raising a family together and sharing responsibilities within the household. There are...
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