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0 tracked cards Business Associations

Two designers agreed orally to launch a furniture-restoration business. One contributed tools and workshop space, and the other handled customer acquisition and restoration work. They split net profits equally, jointly approved major jobs, and used a shared bank account. They never filed documents with the state and never used the word partnership.
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A partnership likely formed because they carried on a co-owned business for profit and shared profits and control. A partnership formed only if the agreement was in writing. No partnership formed because one party contributed services rather than equal cash. No partnership formed because the parties never filed a certificate with the state.

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