Are 99% and 1% limited liability companies joint ventures?

Don't belong. A limited liability company is not a joint venture, but an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. A joint venture has no legal personality. Therefore, 99% and 1% of the limited liability companies are not joint ventures. A joint venture refers to an enterprise invested and established in the name of the state, enterprises and individuals as a legal person investor.