Question

Alan and baker are disappointed in the profitability of their a and b partnership. they want to join their partnership with the x and y partnership. is it possible for a partnership to be a partner?

Answer 1

Yes, it is possible for a partnership to be a partner in the given case.

A partnership at will is immediately dissolved when a partner passes away or declares bankruptcy under the RUPA. The simplest type of company entity  is a partnership.

Courts consider two factors to decide whether a partnership exists: (1) the parties' intentions and (2) the division of profits and losses. (3) Joint management and control of the business activity; (4) Each partner's capital investment; and (5) Common ownership of property

Therefore, there cannot be a partnership if there is no purpose to running a business and splitting its earnings. For instance, co-owners who split a piece of land's rent are not regarded as partners in a business.

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