Factors of existence partnership

Illustrate the factors besides sharing of profits that suggest the existence of a partnership?

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Factors besides sharing of profits that suggest the existence of a partnership:

• Contribution of property or labour to the enterprise

• Guarantee of partnership debts

• Joint ownership of property

• Participation in management, including having signing authority for contracts and bank accounts, and access to information about the business

• Holding oneself out as a partner, or allowing others to do so

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