When drafting an agreement, members of a joint venture must decide on the total value of their capital contributions (which can include cash, resources, or services). Decisions about capital contributions help to create a framework for initial funding, allocation of resources, and decision-making processes. Some circumstances may require that parties put important decisions to a vote. The weight of each member’s vote can be proportionate to their capital contributions. For instance, members may structure the venture to be 30/60 so that the member who contributes more capital has more weight in their vote. Alternatively, the members may structure the venture to be 50/50 so that votes are equal for each member regardless of their individual contributions. Some joint ventures may formalize their agreement further by creating a new legal entity to operate under. In this case, the members may choose to incorporate their new business. Otherwise, the members may agree to operate their venture under an unofficial business name that dissolves once the Joint Venture Agreement ends.