A combination chair and ladder assembly including a center leg, a rear leg and a front leg wherein the rear leg is pivotally connected to the center leg and swings outwardly away from the center leg. The assembly includes a lower step or platform assembly including a first platform having first and second portions with a hinge connecting the first and second portions. The front leg is connected to the first platform. In addition, the chair and ladder assembly may include an upper step or platform assembly having a plurality of platforms pivotally connected to the center leg and to a front support member. The lower step or platform assembly operates independently of the upper step or platform assembly.