RS 01802.316 Elements of a Partnership — Operating Policy
To be a partnership for Social Security purposes, all of the following conditions must be established.
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a.
An intent on the part of two or more people to join together in good faith to carry
on a trade or business; and
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b.
Contributions of capital or services by each; and
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c.
Each having the right to participate in the management and control of the business;
and
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d.
Each sharing in profits or losses; and
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e.
Neither was an employee of the other.