Kinds of partners! Describe sleeping partner.

What are the kinds of partners? Describe sleeping partner.

Answer: Kinds of Partners:

1. Active partner. 
2. Sleeping partner. 
3. Secret partner. 
4. Nominal partner. 
5. Minor partner. 
6. Senior partner. 
7. Junior partner. 
8. Limited partner. 
9. Unlimited partner.

Sleeping / Dormant Partner: They contribute to the capital of the firm but do not take active part in the management. They also share profit.

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