A joint venture is a business where two or more involve together their resources and expertise to achieve a particular target. In this case, the risks and rewards are also shared. The reason to form a joint venture include business expansion, entering into new markets etc. Its a major decision to enter into a joint venture. While joint venture is a profitable business, there are some minor risks that are to be eliminated.
People invest in a site for many options. One is to retain the site and to make money. The other option is to build a home. The owner of the site may escape from the troubles of arranging finances, supervision and government formalities.