Different types of Partnership
Partnership is a mutual relationship
between two persons for some profit making activity. Individual, we call them
partners and jointly, we call them partnership. A partnership is a result of an
agreement between the social unites or human being for some economic goals. Any
partnership requires two or more persons which share their profit in a fix
ratio. May be this agreement is in a written or oral format.
 |
| Different types of Partnership |
Here, we mention some partnership
like –
ü
A
person who invest capital in a ration, take a part in decision making also have
a ratio for profit-loss, we call it active
partnership or working partnership.
ü
A
person who have not involve in decision making but have a ratio in capital
investment and profit – loss, we call them sleeping
partner.
ü
Nominal partners – A person who use his name only for
business but there is no investment in company and also no profit sharing nut
responsible for any payment against business.
ü
There
are lots of persons who do not want to show them self as a partners, normally
known as – secret partners. They are
also responsible for payment against business.
ü
A
person below the age of 18 years, come under the minor partners.
ü
Some
person has money to invest but they are not able to bear loss. We know them as-Partner in profit. They are also responsible for payment against
business.
