Boyd, Payne, Gates v. Payne, Gates, Farthing

The question for decision in this case is whether law partners who form a professional corporation but who continue to conduct themselves as partners inter sese may yet have their rights and liabilities determined according to the law of partnership. The trial court answered the question in the affirmative. We agree with the trial court and will affirm.

Effective January 1, 1977, Robert F. Boyd, Charles E. Payne, Ronald M. Gates, and Philip R. Farthing, who practiced law together in Norfolk, formed a professional corporation known as Boyd, Payne, Gates & Farthing, P.C. (Boyd P.C.). In 1983,…