56a-202.Formation of partnership.(a) Except as otherwise provided in subsection(b), the association of two or more persons to carry on as co-owners a businessfor profit forms a partnership, whether or not the persons intend to form apartnership.
(b) An association formed under a statute other thanthis act, a predecessor statute, or a comparable statute ofanother jurisdiction is not a partnership under this act.
(c) In determining whether a partnership is formed, thefollowing rules apply:
(1) Joint tenancy, tenancy in common, tenancy bythe entireties, joint property, common property, or part ownershipdoes not by itself establish a partnership, even if the co-ownersshare profits made by the use of the property.
(2) The sharing of gross returns does not by itselfestablish a partnership, even if the persons sharing them have ajoint or common right or interest in property from which thereturns are derived.
(3) A person who receives a share of the profits ofa business is presumed to be a partner in the business, unless theprofits were received in payment:
(i) Of a debt by installments or otherwise;
(ii) for services as an independent contractoror of wages or other compensation to an employee;
(iii) of rent;
(iv) of an annuity or other retirement orhealth benefit to a beneficiary, representative, or designee of adeceased or retired partner;
(v) of interest or other charge on a loan, evenif the amount of payment varies with the profits of the business,including a direct or indirect present or future ownership of thecollateral, or rights to income, proceeds, or increase in valuederived from the collateral; or
(vi) for the sale of the goodwill of a businessor other property by installments or otherwise.
56a-202.Formation of partnership.(a) Except as otherwise provided in subsection(b), the association of two or more persons to carry on as co-owners a businessfor profit forms a partnership, whether or not the persons intend to form apartnership.
(b) An association formed under a statute other thanthis act, a predecessor statute, or a comparable statute ofanother jurisdiction is not a partnership under this act.
(c) In determining whether a partnership is formed, thefollowing rules apply:
(1) Joint tenancy, tenancy in common, tenancy bythe entireties, joint property, common property, or part ownershipdoes not by itself establish a partnership, even if the co-ownersshare profits made by the use of the property.
(2) The sharing of gross returns does not by itselfestablish a partnership, even if the persons sharing them have ajoint or common right or interest in property from which thereturns are derived.
(3) A person who receives a share of the profits ofa business is presumed to be a partner in the business, unless theprofits were received in payment:
(i) Of a debt by installments or otherwise;
(ii) for services as an independent contractoror of wages or other compensation to an employee;
(iii) of rent;
(iv) of an annuity or other retirement orhealth benefit to a beneficiary, representative, or designee of adeceased or retired partner;
(v) of interest or other charge on a loan, evenif the amount of payment varies with the profits of the business,including a direct or indirect present or future ownership of thecollateral, or rights to income, proceeds, or increase in valuederived from the collateral; or
(vi) for the sale of the goodwill of a businessor other property by installments or otherwise.
56a-202.Formation of partnership.(a) Except as otherwise provided in subsection(b), the association of two or more persons to carry on as co-owners a businessfor profit forms a partnership, whether or not the persons intend to form apartnership.
(b) An association formed under a statute other thanthis act, a predecessor statute, or a comparable statute ofanother jurisdiction is not a partnership under this act.
(c) In determining whether a partnership is formed, thefollowing rules apply:
(1) Joint tenancy, tenancy in common, tenancy bythe entireties, joint property, common property, or part ownershipdoes not by itself establish a partnership, even if the co-ownersshare profits made by the use of the property.
(2) The sharing of gross returns does not by itselfestablish a partnership, even if the persons sharing them have ajoint or common right or interest in property from which thereturns are derived.
(3) A person who receives a share of the profits ofa business is presumed to be a partner in the business, unless theprofits were received in payment:
(i) Of a debt by installments or otherwise;
(ii) for services as an independent contractoror of wages or other compensation to an employee;
(iii) of rent;
(iv) of an annuity or other retirement orhealth benefit to a beneficiary, representative, or designee of adeceased or retired partner;
(v) of interest or other charge on a loan, evenif the amount of payment varies with the profits of the business,including a direct or indirect present or future ownership of thecollateral, or rights to income, proceeds, or increase in valuederived from the collateral; or
(vi) for the sale of the goodwill of a businessor other property by installments or otherwise.
