{"data":{"id":"us-ky/krs-362.180","jurisdiction":"us-ky","citation":"KRS 362.180","heading":"Rules for determining the existence of a partnership.","body":"In determining whether a partnership exists, these rules shall apply:\n(1) Except as provided by KRS 362.225 persons who are not partners as to each other\nare not partners as to third persons.\n(2) Joint tenancy, tenancy in common, tenancy by the entireties,  joint property,\ncommon property, or part ownership does not of itself establish a partnership,\nwhether such co -owners do or do not share any profits made by the use of the\nproperty.\n(3) The sharing of gross returns does not of itself establish a partnership, whether or not\nthe persons sharing them have a joint or common right or interest in any property\nfrom which the returns are derived.\n(4) The receipt by a person of a share of the profits of a business is prima facie\nevidence that he is a partner in the  business, but no such inference shall be drawn if\nsuch profits were received in payment:\n(a) As a debt by installments or otherwise,\n(b) As wages of an employee or rent to a landlord,\n(c) As an annuity to a widow, or widower or representative of a deceased partner,\n(d) As interest on a loan, though the amount of payment vary with the profits of\nthe business,\n(e) As the consideration for the sale of a goodwill of a business or other property\nby installments or otherwise.","path":["KRS Chapter 362"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34295","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:54Z","sha256":"8a60d28a54f69854c6cb145f82649b08ac6a68c7d7a92d3a6e2cd03c632649a2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.175","next":"us-ky/krs-362.185"},"notice":"GroundRules: Original legal text. Not legal advice."}