{"data":{"id":"us-wy/wyo.-stat.-17-21-202","jurisdiction":"us-wy","citation":"Wyo. Stat. § 17-21-202","heading":"Creation of partnership.","body":"(a) Except as provided in subsection (b) of this section, the association of two (2) or more persons to carry on as co-owners of a business for profit creates a partnership, whether or not the persons intend to create a partnership.\n(b) An association created under a statute other than this chapter, any predecessor law or comparable law of another jurisdiction is not a partnership.\n(c) In determining whether a partnership is created, the following rules apply:\n(i) 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(ii) 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(iii) The receipt by a person of a share of the profits of a business is prima facie evidence that the person is a partner in the business, but that inference may not be drawn if the profits were received in payment:\n(A) Of a debt by installments or otherwise;\n(B) For services as an independent contractor or of wages or other compensation to an employee;\n(C) Of rent;\n(D) Of an annuity or other retirement or health benefit to a beneficiary, representative or designee of a deceased or retired partner;\n(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\n(F) Of consideration for the sale of the goodwill of a business or other property by installments or otherwise.\n(d) Except as provided by W.S. 17-21-308, persons who are not partners as to each other are not partners as to other persons.\n(e) A partnership created under this chapter is a general partnership and the partners are general partners of the partnership.","path":["TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 21 - UNIFORM PARTNERSHIP ACT","ARTICLE 2 - NATURE OF PARTNERSHIP"],"source_url":"https://wyoleg.gov/statutes/compress/title17.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"4f0125507652c6e699326529c0e510273b1703581656ea9c53a6d0d9b34bb40f","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-17-21-201","next":"us-wy/wyo.-stat.-17-21-203"},"notice":"GroundRules: Original legal text. Not legal advice."}