Corporation As Partner

A corporation may be a partner in any business enterprise which the corporation would have power to conduct by itself, provided that power is clearly stated in Item 6 of the Articles of Organization, pursuant to M.G.L. c. 156B, § 9A and 950 CMR 104.03(2)(b). If such authority is not stated in the Articles of Organization and at a later date the corporation should desire to become a partner as described above then an amendment would have to be filed in accordance with 950 CMR 104.09.