A joint venture is a business agreement between two or more parties who agree to pool resources and expertise to achieve a common goal. In a joint venture, each party contributes capital, assets, and knowledge, and shares in the profits and losses of the venture. The parties involved in a joint venture remain separate legal entities, and the joint venture itself is typically dissolved once the project is completed.
A holding company, on the other hand, is a company that owns a controlling interest in one or more other companies. A holding company does not engage in the production of goods or services itself, but rather holds shares of other companies that do. The purpose of a holding company is to control and manage the subsidiaries, and to provide a means of diversification and risk management for the shareholders.
In summary, a joint venture is a temporary partnership between two or more parties, while a holding company is a long-term investment vehicle that owns shares in other companies.