{"data":{"id":"us-ct/conn.-gen.-stat.-34-314","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 34-314","heading":"Formation of partnership.","body":"(a) Except as otherwise provided in subsection (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 sections 34-300 to 34-399, inclusive, a predecessor statute or a comparable statute of another jurisdiction is not a partnership under sections 34-300 to 34-399, inclusive, unless such association is a foreign registered limited liability partnership.\n(c) In determining whether a partnership is formed, the following rules apply:\n(1) Joint tenancy, tenancy in common, tenancy by the entireties, 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 were 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 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 goodwill of a business or other property by installments or otherwise.","path":["TITLE 34. LIMITED PARTNERSHIPS, PARTNERSHIPS, PROFESSIONAL ASSOCIATIONS, LIMITED LIABILITY COMPANIES AND STATUTORY TRUSTS","CHAPTER 614*. UNIFORM PARTNERSHIP ACT. LIMITED LIABILITY PARTNERSHIPS","PART II. NATURE OF PARTNERSHIP"],"source_url":"https://www.cga.ct.gov/current/pub/chap_614.htm#sec_34-314","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"6ed8ab07ab46bcf72d965bff076f14467c601afabf68d106966aed417c00c9ee","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-34-313","next":"us-ct/conn.-gen.-stat.-34-315"},"notice":"GroundRules: Original legal text. Not legal advice."}