Entering into a joint venture with another company on a project can bring many benefits—sharing of costs, spreading the risk, pooling equipment, increasing labor, among other advantages. Like most other business arrangements, however, there are issues that may complicate a joint venture. Two Management Methods Bulletins bring these to light.

Basic information that you should know when you consider a joint venture arrangement is laid out in Joint Ventures. Along with the many pluses that come with a joint venture are some suggestions about how to approach the arrangement, when and how to organize and finalize the agreement and the protections that are necessary to ensure a productive and profitable relationship.

Becoming involved in a business arrangement with another company that’s not in the state where your company is incorporated can be complicated. State laws consider out-of-state companies to be “foreign corporations” and therefore must meet certain qualifications to legally transact business. Failure to do so will bring severe penalties to your company as well as the other company in your joint venture. Failure of One Corporate Member of a Joint Venture to Qualify as a Foreign Corporation May Penalize All Venturers alerts you to the issues that you may face when you embark on an out-of-state joint venture.

Joint ventures can be very beneficial business arrangements for all parties involved, but make sure you are fully aware of all the issues involved in such agreements before making a commitment.

Looking for Another Management Methods Bulletin?

You can find them on our Management Methods Bulletins page. There, you’ll find the bulletins listed by category with links to help you get what you need quickly.

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Enforcement of the electronic reporting requirements in OSHA’s recently revised recordkeeping rule has been delayed to December 15, 2017.

Enforcement Dates:

Employers of 250 or More Employees (large employers) – Electronically submit to OSHA 2016 OSHA 300 A Summary information by December 15, 2017.  Going forward, large employers will be required to electronically submit to OSHA information from their OSHA 300 Log, OSHA 300 A Summary, and OSHA 301 Incident Report Forms once each year. The 2017 information must be submitted by July 1, 2018. However, starting in 2019 and each year thereafter, the information from the preceding year must be submitted by March 2nd.

Employers of 20 to 249 Employees (small employers) – Electronically submit to OSHA 2016 OSHA 300 A Summary information by December 15, 2017.  The 2017 information must be submitted by July 1, 2018. Starting in 2019 and each year thereafter, the information from the preceding year must be submitted by March 2nd.

Electronic Submittal Information and Portal – Improve Tracking of Workplace Injuries/Illnesses

MCAA Safety Bulletin – Improve Tracking of Workplace Injuries/Illnesses

OSHA Final Rule – Improve Tracking of Workplace Injuries/Illnesses

When a project goes off-track or your plans for a new project hit a snag, where or who do you turn to for help? One resource is MCAA’s Management Methods Bulletins. A series of bulletins are available to help you solve troublesome project management issues.

The Job Management bulletins cover a wide range of issues from organizing and managing a project team to scheduling to controlling project costs to pre-project planning, just to name a few. For example, several bulletins are designed to help you organize and plan your project more efficiently and effectively at the outset.

Pre-Job Conferences lists the people and items that you should pull together to discuss project design, scheduling issues, equipment needs and crew coordination. Integrated Project Delivery (IPD), Design-Assist Project Delivery and Why Contractors Should Do LEAN describe project management strategies that have resulted in more trouble-free, efficient and productive projects.

The information contained in these bulletins may just have the answers you’ve been looking for to solve your project management challenges.

Want The Rest of the Job Management Bulletins?

You can find them under the Job Management category on our Management Methods Bulletins page. While you’re there, browse the other bulletins, all listed by category with links to help you get what you need quickly.

GO THERE NOW

Or, find them in the Resource Center, where you can use the blue Refine Your Search bar to pinpoint exactly what you’re looking for.

VISIT THE RESOURCE CENTER