This paper contains a formal theory of functional parthood. Since the relation of functional parthood is defined here by means of the notion of design, the theory of functional parthood turns out to be a theory of design. The formal theory of design I defend here is a result of introducing a number of constraints that are to express the rational aspects of designing practice. The ontological background for the theory is provided by a conception of states of affairs. The (...) theory is accompanied with a formal model. I prove that the theory is sound and complete with respect to this model. (shrink)