Klako's team in Beijing was greatly involved in the setting up of a Joint Venture between a local Chinese manufacturer and a foreign party. In close cooperation with the overseas client, Klako consultants put together a list of potential Joint Venture partners based on the client's requirements. In order to evaluate the candidates, a bilingual Klako team visited various factories together with representatives of the overseas company. After the visit, Klako provided a full report including a detailed location analysis of the visited regions. In close consultation with Klako consultants, the overseas client was able to narrow the short list down to four candidates. During a second and more profound meeting with the four potential partners specific details of the Joint Venture contract were discussed, including management structure, shareholding, financing, strategy, operations, etc. Based on these meetings and the location analysis, the client chose one of the candidates. Before the final decision was made, Klako Group performed a detailed background check. In close consultation with the client and the Joint Venture partner, Klako assisted with the preparation and submission of all the Joint Venture application documents including Letter of Intent, Project Proposal, Feasibility Study, Joint Venture Contract and other required documents. The business license was issued and the Joint Venture has taken up operations. In order to ensure that the Joint Venture keeps clean books and accurate tax records, the client has retained Klako for handling the accounting and bookkeeping of the new Joint Venture company.