{"data":{"id":"us-ne/neb.-rev.-stat.-67-410","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 67-410","heading":"Neb. Rev. Stat. § 67-410","body":"(1) Except as otherwise provided in subsection (2) 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\n(2) An association formed under a statute other than the Uniform Partnership Act of 1998, a predecessor statute, or a comparable statute of another jurisdiction is not a partnership under the act.\n\n(3) In determining whether a partnership is formed, the following rules apply:\n\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\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; and\n\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:\n\n(i) Of a debt by installments or otherwise;\n\n(ii) For services as an independent contractor or of wages or other compensation to an employee;\n\n(iii) Of rent;\n\n(iv) Of an annuity or other retirement or health benefit to a beneficiary, representative, or designee of a deceased or retired partner;\n\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\n(vi) For the sale of the goodwill of a business or other property by installments or otherwise.","path":["NE Code","Chapter 67"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=67-410","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"1ff3513fe1c43c2ce0a2abe8b3ec7f633f87dbfcc1beed29c68b498f695e213d","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-67-409","next":"us-ne/neb.-rev.-stat.-67-411"},"notice":"GroundRules: Original legal text. Not legal advice."}