Becoming partner

178.0402 Becoming partner. (1) Upon formation of a partnership, a person becomes a partner under s. 178.0202 (1). (2) After formation of a partnership, a person becomes a partner in any of the following ways: (a) As provided in a partnership agreement. (b) As a result of a transaction effective under subch. XI. (c) With the affirmative vote or consent of all the partners. (3) A person may become a partner without doing any of the following: (a) Acquiring a transferable interest. (b) Making or being obligated to make a contribution to the partnership. History: 2015 a. 295; 2021 a. 258.