It is a false statement that if a person receives a share of the profits of a business, it is assumed he/she is a partner.
Partnerships are formalized through legal agreements such as partnership deeds or contracts which outline the roles, responsibilities and liabilities of each partner. These agreements go beyond profit-sharing and encompass various aspects of the business relationship.
In some cases, individuals may receive a share of profits without being considered partners. For instance, an employee might be entitled to a bonus based on company profits or an investor might receive a portion of the profits in return for providing capital to the business. These arrangements do not necessarily confer partnership status.
Therefore, the assumption that receiving a share of the profits of a business automatically makes someone a partner is not universally true.