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White, New York Business Entities
Copyright 2017, Matthew Bender & Company, Inc., a member of the LexisNexis Group.

9-2 White, New York Business Entities 2.syn


Nature of a Partnership


Steven R. Gersz

Chapter Summary


This chapter provides an overview of Sections 10 to 12 of the Partnership Law, which relate generally to the nature of a partnership.

The chapter analyzes the statutory definition of partnership. It describes the rules for determining the existence of a partnership, including statutory and non-statutory factors that are considered when determining the existence of a partnership.

The chapter explains that a general partnership is formed by association, and an express or implied agreement, and requires the filing of a business certificate. It notes that a partnership is generally governed by the language of its partnership agreement.

Chapter 2 also details the circumstances under which property, including real property, will be considered partnership property.

New York Business Entities provides comprehensive guidance on starting, maintaining, and terminating businesses in New York. The treatise is organized by statute for efficient navigation, and covers New York's business corporation, limited liability company, not-for-profit corporation, and partnership laws. Additionally, it provides detailed discussions of pre-incorporation planning, federal and state tax considerations and state securities regulation. The treatise provides the full text of each statute, authoritative analysis, practical forms, legislative history, and cross-references to related resources.


New York Partnership Law,partnerships in New York,general partnerships in New York,partnership agreements in New York


Part V, Chapter 1 provides basic definitions of terms relating to partnership law. Part II, Chapter 4 discusses certificates of incorporation of business corporations. See Part II, Chapter 8 for discussion on amending certificates of incorporation under business corporation law.


For national coverage of a broad scope of legal issues affecting corporate clients, see Business Organizations with Tax Planning (Matthew Bender).

For step-by-step transactional guidance through business as well as commercial matters, see New York Practice Guide: Business and Commercial (Matthew Bender).

See Organizing Corporate and Other Business Enterprises (Matthew Bender) for practical discussion on the legal and tax factors to be considered in selecting a form of business organization, including individual proprietorships, general and limited partnerships, closely held corporations, not-for-profit corporations, and limited liability companies.

See Liability of Corporate Officers and Directors (Matthew Bender) for expert analysis on virtually every aspect of D&O liability, loss prevention and financial protection.

See Warren's Forms of Agreements (Matthew Bender) for a comprehensive collection of well-defined, well-prefaced forms covering nearly every transaction that an attorney will encounter in a business practice, including business organization.
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