Joint Venture

Hello, we were recently awarded a joint venture project with another contractor. We'll be the managing partner so I'm in the early stages of setting up the accounting for the JV. Both contractors are equity partners so my first thought is to setup a new company in Sage for the JV, but I'm learning that comes with pretty hefty fees from Procore and requires another Vault in Sage Paperless Construction (also added cost), so I'm curious if anyone has experience with other ways to consider setting this up.

Thanks!
Lindsey