Business Studies, asked by LakshSrivastava, 1 year ago

types of partnership firm

Answers

Answered by sana999
2
types of partnership firm
are as follows
- ACTIVE OR MANAGING PARTNER
-SLEEPING OR DORMANT PARTNER
-NOMINAL OR OSTENSIBLE PARTNER
-PARTNER BY ESTOPPEL OR HOLDING OUT
- PARTNER IN PROFIT ONLY
-MINOR AS PARTNER AND LAST
-OTHER PARTNERS

HOPE ITS HELPFUL.....

LakshSrivastava: sorry but I asked about types of partnership firm and not for the types of partners
Answered by XxMissPaglixX
40

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&lt;p style="color:cyan;font-family:cursive;background:orange;font size:25/40 px;"&gt;.Types of Partnerships</p><p>1. General Partnership: Liability of partners is unlimited and they are collectively</p><p>responsible for the liabilities of the business.</p><p>(a) Particular partnership-When partnership is started for certain work, it is</p><p>called particular partnership.</p><p>(b) Partnership at will-It continues upto the time the partners have faith in</p><p>each other, it can be dissolved at a notice by any partner.</p><p>2. Limited Partnership: The liability of some partners is limited, while liability</p><p>of some is unlimited. This form of partnership is not prevalent in India.</p><p>3. Limited Liability Partnership : In this form of partnership, the liability of</p><p>partners is limited to the unpaid amount on their shares. The concern has a</p><p>separate legal entity.....

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