MAS Associates v. Korotki

MAS Associates, LLC, et al. v. Harry S. Korotki, No. 57, September Term, 2018, Opinion by Adkins, J. CORPORATIONS AND ASSOCIATIONS – PARTNERSHIPS – INTENT TO FORM A PARTNERSHIP – COMPETENT MATERIAL EVIDENCE: The party asserting the existence of a partnership bears the burden of producing sufficient facts to conclusively demonstrate the parties’ intent to form a partnership. See Miller v. Salabes,

225 Md. 53, 55

(1961). Intent can be explicit or based on the parties’ conduct and the surrounding circumstances. Sharing profits and losses, equal management authority, making capital contributions,…