Double posted.

This post has been edited by edyek: Jul 24 2020, 11:43 PM

For example :

Joint Venture method:

1) A B C (landowners) purchase the land together.

2) Childcare comapany fork out money for deposit (land deposit). Childcare company can treat the deposit or commitment for the JV with Landowners. But technically the cash is paid as deposit for the land. Left pocket to right pocket method. In the books of the company, the deposit will be treat as a JV deal deposit.

3) In order for the child care to build a centre at the land, the consideration towards the JV is to pay off any loan installments on the land.

4) For landowner, what they gain from this JV is, they owned the land when the loan is paid off and/or they can "enjoy" certain profits from the child centre at the end of the year. So just in case the child care need to offset some "expenses" yearly, it can be done through "profit sharing" with the land owner through the JV deal. Again right pocket to left pocket method.

Ok, I cincai say only. Like I say, you better consult lawyer and accountant. Dont quote me on this if shit hits the fan.

This post has been edited by edyek: Jul 24 2020, 11:43 PM