§ 61-1-202. Formation of Partnership
Except as otherwise provided in subsection (b), the association of two (2) or more persons to carry on as co-owners of a business for profit forms a partnership, whether or not the persons intend to form a partnership. An association formed under a statute other than this chapter, a predecessor statute, or a comparable statute […]
§ 61-1-203. Partnership Property
Property transferred to or otherwise acquired by a partnership is property of the partnership and not of the partners individually.
§ 61-1-204. When Property Is Partnership Property
Property is partnership property if acquired in the name of: The partnership; or One (1) or more partners with an indication in the instrument transferring title to the property of the person’s capacity as a partner or of the existence of a partnership but without an indication of the name of the partnership. Property is […]
§ 61-1-201. Partnership as Entity
A partnership is an entity distinct from its partners. A limited liability partnership continues to be the same entity that existed before the filing of an application under former § 61-1-143.