{"data":{"id":"us-ak/as-32.06.202","jurisdiction":"us-ak","citation":"AS 32.06.202","heading":"Formation of partnership.","body":"(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.\n(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.\n(c) In determining whether a partnership is formed, the following rules apply:\n(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;\n(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;\n(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\n(A) of a debt by installments or otherwise;\n(B) for services as an independent contractor, or of wages or other compensation to an employee;\n(C) of rent;\n(D) of an annuity or other retirement or health benefit provided to a beneficiary, representative, or designee of a deceased or retired partner;\n(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\n(F) for the sale of the good will of a business or other property by installments or otherwise.","path":["Title 32. Partnership.","Chapter 06. Uniform Partnership Act.","Article 1. Nature and Property of Partnership."],"source_url":"https://www.akleg.gov/basis/statutes.asp#32.06.202","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:30Z","sha256":"03c334416ca5d223bb1ffaa40db66d09aaa75fed7d01aef326e8716d24fd8edf","source_id":"us-ak","stale":false,"prev":"us-ak/as-32.06.201","next":"us-ak/as-32.06.203"},"notice":"GroundRules: Original legal text. Not legal advice."}