{"data":{"id":"us-mn/minn.-stat.-323a.0202","jurisdiction":"us-mn","citation":"Minn. Stat. § 323A.0202","heading":"FORMATION OF PARTNERSHIP.","body":"(a) Except as otherwise provided in subsection (b), 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 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:\n(i) of a debt by installments or otherwise;\n(ii) for services as an independent contractor or of wages or other compensation to an employee;\n(iii) of rent;\n(iv) of an annuity or other retirement or health benefit to a beneficiary, representative, or designee of a deceased or retired partner;\n(v) 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(vi) for the sale of the goodwill of a business or other property by installments or otherwise.","path":["BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS","CHAPTER 323A. UNIFORM PARTNERSHIP ACT OF 1994","NATURE OF PARTNERSHIP"],"source_url":"https://www.revisor.mn.gov/statutes/cite/323A.0202","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:42Z","sha256":"1e6112c93fd406e3bfa99827520b0ffeefa250bb878d367a75a0851ab5ce471e","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-323a.0201","next":"us-mn/minn.-stat.-323a.0203"},"notice":"GroundRules: Original legal text. Not legal advice."}