Goodwill and Business Connections as a Contribution into the Operations of a Joint Adventure

Dirkova E. ()
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Dirkova E.: Budget and Treasury Academy of the Ministry of Finance of the Russian Federation

Finansovyj žhurnal — Financial Journal, 2010, issue 2, 85-94

Abstract: The article author dwells on the methods used in accounting when the transactions are made by a joint adventure. The goodwill and the business connections form the contribution into its operations. No provision of the Civil Code prohibits the physical entities from making such contributions. However, no researcher to date has made proper analysis of the issue. It is noteworthy that the partition scheme where the goodwill is taken into account can help overcome the provision where it is stated that it is prohibited for a business organization to issue a deed of gift to another business organization and the taxation terms are quite attractive in this case. Nevertheless, such transactions are deemed to be risky.

Keywords: joint adventure; goodwill; business connections; contribution into the operations of a joint adventure; prohibition to issue a deed of gift (search for similar items in EconPapers)
Date: 2010
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