- Alaska Statutes.
- Title 32. Partnership
- Chapter 6. Uniform Partnership Act
- Section 202. Formation of Partnership.
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AS 32.06.202. Formation of Partnership.
- (a) Except as otherwise provided in (b) of this section, the association of two or more persons to carry on as co-owners a
business for profit forms a partnership, whether or not the persons intend to form a partnership.
- (b) An association formed under a statute other than this chapter, a predecessor statute, or a comparable statute of
another jurisdiction is not a partnership under this chapter.
- (c) In determining whether a partnership is formed, the following rules apply:
- (1) joint tenancy, tenancy in common, tenancy by the entirety, joint property, common property, or part ownership does not
by itself establish a partnership, even if the co-owners share profits made by the use of the property;
- (2) the sharing of gross returns does not by itself establish a partnership, even if the persons sharing them have a joint
or common right or interest in property from which the returns are derived;
- (3) a person who receives a share of the profits of a business is presumed to be a partner in the business, unless the
profits are received in payment
- (A) of a debt by installments or otherwise;
- (B) for services as an independent contractor, or of wages or other compensation to an employee;
- (C) of rent;
- (D) of an annuity or other retirement or health benefit provided to a beneficiary, representative, or designee of a
deceased or retired partner;
- (E) of interest or other charge on a loan, even if the amount of payment varies with the profits of the business,
including a direct or indirect present or future ownership of the collateral, or rights to income, proceeds, or
increase in value derived from the collateral; or
- (F) for the sale of the good will of a business or other property by installments or otherwise.
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