describe various types of partners
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A partnership arises whenever two or more people co-own a business and share in the profits and losses of thebusiness. ... In a partnership, each person contributes something to thebusiness -- such as ideas, money, property, or some combination of these
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The different kinds of Partners that are found in Partnership Firms are as follows!
Active or managing partner: ...Sleeping or dormant partner: ...Nominal or ostensible partner: ...Partner by estoppel or holding out: ...Partner in profits only: ...Minor as a partner: ...
Active or managing partner: ...Sleeping or dormant partner: ...Nominal or ostensible partner: ...Partner by estoppel or holding out: ...Partner in profits only: ...Minor as a partner: ...
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