General Partnership is default form for businesses that are owned by more than one person.
UPA § 202(c)(3) – when persons receiving profits are NOT partners; Not partners if profits are received in payment:
1. of a debt by installments or otherwise;
2. for services as an independent contractor or of wages or other compensation to an employee;
3. of rent;
4. of an annuity or other retirement or health benefit to a beneficiary, representative, or designee of a
deceased or retired partner;
5. of interest or other charge on a loan, even if the amount of payment varies with the profits of the
business, including a direct or indirect present or future ownership of the collateral, or rights to income,
proceeds, or increase in value derived from the collateral; or
6. for the sale of the goodwill of a business or other property by installments or otherwise.