Idaho Code 30-23-201 – Partnership as Entity
Current as of: 2023 | Check for updates
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(a) A partnership is an entity distinct from its partners.
(b) A partnership is the same entity regardless of whether the partnership has a statement of qualification in effect under section 30-23-901, Idaho Code.
Terms Used In Idaho Code 30-23-201
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.