Kinds of partners! Describe sleeping partner.
What are the kinds of partners? Describe sleeping partner.
Sunday, October 18, 2020
What are the kinds of partners? Describe sleeping partner.
Answer: Kinds of Partners:
1. Active 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.
Sleeping / Dormant Partner: They contribute to the capital of the firm but do not take active part in the management. They also share profit.