This is “Partnerships: General Characteristics and Formation”, chapter 22 from the book Legal Basics for Entrepreneurs (v. 1.0). For details on it (including licensing), click here.

For more information on the source of this book, or why it is available for free, please see the project's home page. You can browse or download additional books there. To download a .zip file containing this book to use offline, simply click here.

Has this book helped you? Consider passing it on:
Help Creative Commons
Creative Commons supports free culture from music to education. Their licenses helped make this book available to you.
Help a Public School
DonorsChoose.org helps people like you help teachers fund their classroom projects, from art supplies to books to calculators.

Chapter 22 Partnerships: General Characteristics and Formation

Learning Objectives

After reading this chapter, you should understand the following:

  1. The importance of partnership and the present status of partnership law
  2. The extent to which a partnership is an entity
  3. The tests that determine whether a partnership exists
  4. Partnership by estoppel
  5. Partnership formation