# Alaska Stat. § 32.06.202: Formation of partnership

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.202

## Section

- **Citation:** Alaska Stat. § 32.06.202
- **Heading:** Formation of partnership
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 32 / Chapter 32.06 / Section 32.06.202

## Text

(a) Except as otherwise provided in (b) of this section, the association of two or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership.

(b) An association formed under a statute other than this chapter, a predecessor statute, or a comparable statute of another jurisdiction is not a partnership under this chapter.

(c) In determining whether a partnership is formed, the following rules apply: (1) joint tenancy, tenancy in common, tenancy by the entirety, 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;

(2) 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;

(3) a person who receives a share of the profits of a business is presumed to be a partner in the business, unless the profits are received in payment (A) of a debt by installments or otherwise;

(B) for services as an independent contractor, or of wages or other compensation to an employee;

(C) of rent;

(D) of an annuity or other retirement or health benefit provided to a beneficiary, representative, or designee of a deceased or retired partner;

(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

(F) for the sale of the good will of a business or other property by installments or otherwise.

## Nearby sections

- [Alaska Stat. § 32.06.201 Partnership as entity.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.201.md)
- [Alaska Stat. § 32.06.202 Formation of partnership.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.202.md)
- [Alaska Stat. § 32.06.203 Partnership property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.203.md)
- [Alaska Stat. § 32.06.204 When property is partnership property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.204.md)
- [Alaska Stat. § 32.06.301 Partner as agent of partnership.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.301.md)
- [Alaska Stat. § 32.06.302 Transfer and recovery of partnership property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.302.md)
- [Alaska Stat. § 32.06.303 Statement of partnership authority.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.303.md)
- [Alaska Stat. § 32.06.304 Statement of denial.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.304.md)
- [Alaska Stat. § 32.06.305 Partnership liable for partner's actionable conduct.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.305.md)
- [Alaska Stat. § 32.06.306 Partner's liability.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.306.md)
- [Alaska Stat. § 32.06.307 Actions by and against partnership and partners.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.307.md)
- [Alaska Stat. § 32.06.308 Liability of purported partner.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.308.md)
- [Alaska Stat. § 32.06.401 Partner's rights and duties.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.401.md)
- [Alaska Stat. § 32.06.402 Distributions in kind.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.402.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T32_C32.06_S32.06.202. Check the current official text before relying on it. Not legal advice.