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Five Types of Partners in a Business Partnership

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BF10 - Principals of Business and Finance
Five Types of Partners in a Business Partnership

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Five Types of Partners in a Business Partnership

  1. 1. https://flic.kr/p/egtSGG TYPES OF PartnersI n a B u s i n e s s P a r t n e r s h i p
  2. 2. https://flic.kr/p/6rWSwL Type Partner Based on  A c t i v e p a r t i c i p a t i o n i n t h e b u s i n e s s .  P u b l i c k n o wl e d g e o f t h e p a r t n e r .  A m o u n t o f l i a b i l i t y f o r t h e p a r t n e r .
  3. 3. 1 https://flic.kr/p/6qpFT4 General E v e r y P a r t n e r s h i p m u s t h a v e a t l e a s t o n e g e n e r a l p a r t n e r . Partner
  4. 4. 1 https://flic.kr/p/6qpFT4 General E v e r y P a r t n e r s h i p m u s t h a v e a t l e a s t o n e g e n e r a l p a r t n e r . A g e n e r a l p a r t n e r a c t i v e l y p a r t i c i p a t e s i n t h e b u s i n e s s , i s k n o wn t o t h e p u b l i c , a n d h a s u n l i m i t e d l i a b i l i t y . Partner
  5. 5. 2 https://flic.kr/p/6n95uh Dormant A d o r m a n t p a r t n e r i s o n e t h a t i s n o t a c t i v e l y p a r t i c i p a t i n g i n t h e b u s i n e s s , t h e i r a s s o c i a t i o n wi t h t h e b u s i n e s s i s u n k n o wn t o t h e p u b l i c , b u t s t i l l m a i n t a i n s a n u n l i m i t e d a m o u n t o f l i a b i l i t y . Partner
  6. 6. 3 https://flic.kr/p/6qLaCU Limited A l i m i t e d p a r t n e r i s o n e t h a t i s n o t a c t i v e l y p a r t i c i p a t i n g i n t h e b u s i n e s s , t h e i r a s s o c i a t i o n wi t h t h e b u s i n e s s i s k n o wn t o t h e p u b l i c , a n d h a s a l i m i t e d a m o u n t o f l i a b i l i t y . Partner
  7. 7. 4 https://flic.kr/p/6nUtzv Secret A s e c r e t p a r t n e r i s o n e t h a t i s a c t i v e l y p a r t i c i p a t i n g i n t h e b u s i n e s s , t h e i r a s s o c i a t i o n wi t h t h e b u s i n e s s i s u n k n o wn t o t h e p u b l i c , a n d h a s a n u n l i m i t e d a m o u n t o f l i a b i l i t y . Partner
  8. 8. 5 https://flic.kr/p/6rppi8 Silent A s i l e n t p a r t n e r i s o n e t h a t i s n o t a c t i v e l y p a r t i c i p a t i n g i n t h e b u s i n e s s , t h e i r a s s o c i a t i o n wi t h t h e b u s i n e s s i s k n o wn t o t h e p u b l i c , a n d h a s a n u n l i m i t e d a m o u n t o f l i a b i l i t y . Partner

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