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The Oral Partnership Operating as a Corporation: Is it a Partnership? A Corporation? Can it be Both?
15 Mar 2021, 4:59 am
Rule #4: It is well settled in New York that a partnership or a joint venture may not operate through a corporate form and that any fiduciary obligations that the ‘partners’ owe one other cease to exist once they agree to conduct business as a corporation (see Weisman v Awnair Corp. of Am., 3 NY2d 444 [1957]). [read post]
