Section 3: (1) Partnership means the association of two or more individuals carrying on business jointly for the purpose of making profits: Provided that the association of members of,Second Sch(a) a company registered under the Companies Ordinance, (Cap. 193), or any statutory re-enactment thereof, unless it is re-registered hereunder in accordance with section 59 of this Act and the Second Schedule hereto;(b) a company, body corporate, or unincorporated association formed under any other enactment;(c)  a body corporate formed in accordance with the law of any foreign country whether or not carrying on business in Ghana; or(d) a joint venture without a firm name for one or more specific operations,shall not be a partnership within the meaning of this Act.(2) Family ownership or co-ownership of property shall not of itself create a partnership whether or not the family or co-owners share any profits made by the use of that property.(3) Subject as aforesaid, the sharing of the net profits of a business shall, prima facie, be evidence of a partnership, but,(a) the remuneration of a servant or agent of a person engaged in business by a share of profits of the business shall not of itself make the servant or agent a partner; and(b) a person shall not be deemed to be a partner if it is shown that he did not participate in the carrying on of the business and was not authorised so to do.

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