July 2, 2010

Corporations.

Practice point: A partnership is an association of two or more persons to carry on as co-owners a business for profit, pursuant toPartnership Law § 10[1].

Students should note that if there is no written agreement between the parties, the court will decide whether there is a partnership based on the conduct, intention, and relationship between the parties.

Case: Czernicki v. Lawniczak, NY Slip Op 05503 (2d Dept. 2010)

Here is the opinion.

Tuesday's issue: Employment Law.