District Of Columbia § 29-602.02 - Formation of partnership.
Full text of District Of Columbia D.C. Code § 29-602.02 — Formation of partnership., with citation guidance and answers to common questions.
§ 29-602.02. Formation of partnership.
29-602.02Except as otherwise provided in subsection (b) of this section, the association of 2 or more persons to carry on as co-owners of a business for profit shall form 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 of another jurisdiction shall not be a partnership under this chapter.
In determining whether a partnership is formed, the following rules shall apply:
Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property, or part ownership shall not by itself establish a partnership, even if the co-owners share profits made by the use of the property.
The sharing of gross returns shall 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.
A person that receives a share of the profits of a business shall be presumed to be a partner in the business, unless the profits were received in payment:
Of a debt by installments or otherwise;
For services as an independent contractor or of wages or other compensation to an employee;
Of rent;
Of an annuity or other retirement or health benefit to a beneficiary, representative, or designee of a deceased or retired partner;
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
For the sale of the goodwill of a business or other property by installments or otherwise.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-602.02
What does D.C. Code § 29-602.02 cover?
Section 29-602.02 ("Formation of partnership.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-602.02?
A common citation format is "D.C. Code § 29-602.02" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-602.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.