Nev. Rev. Stat. » NRS: CHAPTER 87 - PARTNERSHIPS

Nev. Rev. Stat. § 87.060

Partnership defined

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NRS 87.060  Partnership defined.

      1.  Except as otherwise provided in subsection 2, a partnership is an association of two or more persons to carry on as co-owners a business for profit, and includes a registered limited-liability partnership.

      2.  Any association formed under any other statute of this State, or any statute adopted by authority, other than the authority of this State, is not a partnership under NRS 87.010 to 87.430, inclusive, unless the association would have been a partnership in this State before July 1, 1931. The provisions of NRS 87.010 to 87.430, inclusive, apply to limited partnerships except in so far as the statutes relating to such partnerships are inconsistent with it.

      [6:74:1931; 1931 NCL § 5028.05]—(NRS A 1995, 1471; 2005, 442)

     

Notes of Decisions
Cited in 13 cases (2 in the last 5 years), 1984–2025 · leading case: Henderson v. Buchanan (In Re Western World Funding, Inc.)
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Darrough v. SOC LLC (2025) nvd · cites it 6× “13, 2020); Nev. Rev. Stat. § 87.060 (2) (“Any association formed under any other 9 statute of this State, or any statute adopted by authority, other than the authority of this State, 10 is not a partnership[.”
DeFiore v. SOC LLC (2025) nvd · cites it 6× “13, 2020); Nev. Rev. Stat. § 87.060 (2) (“Any association formed under any other 9 statute of this State, or any statute adopted by authority, other than the authority of this State, 10 is not a partnership[.”
Uhlmeyer v. USAA Casualty Insurance Company (2020) nvd “3 §87.060(2). “Instead, an entity formed pursuant to other statutory framework is governed by the 4 body of law pursuant to which the entity was formed.”
Leftenant v. Blackmon (2019) nvd “14 Pursuant to NRS 87.060, “a partnership is an association of two or more persons to carry on 15 as co-owners a business for profit and includes a registered limited-liability partnership.”
Posner v. Tassely (2015) nev “"[A] partnership is an association of two or more persons to carry on as co-owners a business for profit," NRS 87.060(1), whereas "[a] joint venture is a contractual relationship in the nature of an informal partnership wherein two or more persons conduct some business or…”
In re Cay Clubs (2014) nev · cites it 2× “" NRS 87.060(1). A joint venture is a similar collaboration for profit, but the collaboration is limited to a specific business objective rather than an ongoing business.”
In re Cay Clubs (2014) nev “" NRS 87.060(1). A joint venture is a similar collaboration for profit, but the collaboration is limited to a specific business objective rather than an ongoing business.”
Beautybank, Inc. v. Harvey Prince LLP (2011) nysd “” Nev.Rev.Stat. §§ 87.060, 87.4322. BeautyBank has presented no evidence that would allow a finding that Ramani associated with another person to form a partnership, let alone that he organized and formed an LLP.”
Radaker v. Scott (1993) nev “NRS 87.060 defines a partnership as an association of two or more persons to carry on as co-owners a business for profit.”
Henderson v. Buchanan (In Re Western World Funding, Inc.) (1985) nvb · cites it 2× “Nev.Rev.Stat. § 87.060. There is no one exclusive test in determining whether an agreement is one of joint venture or partnership; the relationship depends upon the intent of the parties.”
Watson v. G.C. Associates Ltd. Partnership (1984) nev “” NRS 87.060(1). As the drafter of the act explained at the time of its proposal, this language was intended to make clear that the act was based upon *589 a common law or aggregate theory of partnership, as opposéd to an entity theory which would have endowed the partnership…”
Burford v. Commissioner (1984) tax · cites it 2× “42:1-6(1) (1940); <span normalizedcite="NRS § 87.”
Show all 13 citing cases →
— Nev. Rev. Stat. § 87.060(1) — 4 cases
Watson v. G.C. Associates Ltd. Partnership (1984) nev “” NRS 87.060(1). As the drafter of the act explained at the time of its proposal, this language was intended to make clear that the act was based upon *589 a common law or aggregate theory of partnership, as opposéd to an entity theory which would have endowed the partnership…”
In re Cay Clubs (2014) nev “" NRS 87.060(1). A joint venture is a similar collaboration for profit, but the collaboration is limited to a specific business objective rather than an ongoing business.”
In re Cay Clubs (2014) nev “" NRS 87.060(1). A joint venture is a similar collaboration for profit, but the collaboration is limited to a specific business objective rather than an ongoing business.”
Posner v. Tassely (2015) nev “"[A] partnership is an association of two or more persons to carry on as co-owners a business for profit," NRS 87.060(1), whereas "[a] joint venture is a contractual relationship in the nature of an informal partnership wherein two or more persons conduct some business or…”
— Nev. Rev. Stat. § 87.060(2) — 1 case
Uhlmeyer v. USAA Casualty Insurance Company (2020) nvd “3 §87.060(2). “Instead, an entity formed pursuant to other statutory framework is governed by the 4 body of law pursuant to which the entity was formed.”
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