{"data":{"id":"us-fl/fla.-stat.-620.8202","jurisdiction":"us-fl","citation":"Fla. Stat. § 620.8202","heading":"Formation of partnership.","body":"(1) Except as otherwise provided in subsection (2), 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(2) An association formed under a statute, other than this act, a predecessor statute, or a comparable law of another jurisdiction is not a partnership under this act.\n(3) In determining whether a partnership is formed, the following rules apply:\n(a) 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(b) 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(c) 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:\n1. Of a debt by installments or otherwise;\n2. For services as an independent contractor or of wages or other compensation to an employee;\n3. Of rent;\n4. Of an annuity or other retirement benefit to a beneficiary, representative, or designee of a deceased or retired partner;\n5. 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\n6. For the sale of the goodwill of a business or other property by installments or otherwise.\nHistory.—s. 13, ch. 95-242.","path":["CHAPTER 620 PARTNERSHIP LAWS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0620/0620.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:35Z","sha256":"32df173beb48199f70387b5bb0e889d42469a89d5d92ddf64decad39bad45cc4","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-620.8201","next":"us-fl/fla.-stat.-620.8203"},"notice":"GroundRules: Original legal text. Not legal advice."}