What constitutes a business partnership in Tennessee?
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What constitutes a business partnership in Tennessee?
I have an ex girlfriend that Is suing me for money that she owes for a failed
business venture that she started. She never filed any taxes and now the state
has charged her for what she owes. I never signed a partnership agreement, I
only helped her get liability insurance because she didnt know how. I signed my
name to that. That is the only document that she has other than a lease document
for a building that she forged my name on. Does any of this constitute a
business partnership?
Asked on January 1, 2019 under Business Law, Tennessee
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
While a partnership can be set up by an oral (unwritten) agreement without much formality, it still requires an agreement by both people to enter into the partnership. If you never agreed to be partners with or in business with her, you are not, and are not liable for any business debts; you would only be liable, or responsible for, those specific items you agreed to help pay for, like insurance.
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