This document discusses types of partners and partnerships. It begins by defining a partnership as when two or more people come together to form a business. It then outlines five types of partners: active partners who are involved daily, sleeping partners who are not actively involved, nominal partners who are not legally partners, partners in profits only, and secret partners. The document also discusses four types of partnerships: fixed partnerships formed for a specific purpose/time, partnerships at will with no fixed term, partnerships for particular work, and limited partnerships where some partners' liability is limited. The objective is to study partnerships and understand the different types of partners and structures.

1. Seminar on
TYPES OF
PARTNER AND
PATNERSHIP

2. INTRODUCTION
A partnership is one of the
most popular type business. Partnership means
when two or more persona come together and form
business is partnership firm.
In this seminar we are discussing on types of
partner and partnership firm as well as detail of
partnership firm.

3. ACKNOWLEDGEMENT

4. OBJECTIVE
Following are the
objective of seminar are as follows:
To study partnership.
To study types of partners .
To study types of partnership.
To know partner

5. METHOD OF STUDY
The above seminar is
based on primary and secondary data .
Primary data is collected from lectures
in DSM college and secondary data is
collected from book and internet.

6. MEANING : partnership means when two or more
persona come toghter and form business is
partnership.
Acc. To sec 2 “when two more persone come toghter
agree to share profit and loss carried by one acting
for them forall”

7. Kinds Of Partners
There may be different kinds of
partners in a partnership firm. The important
classification of partners is given below:
 Active partners
 Sleeping partner,
 Nominal partner,
 Partner in profits only,
 Secret partner,

8. Type 1
ACTIVE PARTNER
An invested person who is
involved in the daily operations of the partnership.
An active partner helps run the business to enhance
his or her returns and is therefore considered a
material participant. This person typically shares
more risk and return versus a limited or silent
partner.

9. TYPE NO 2
SLEEPING PARTNER
One whose name
does not appear in the firm, and who takes
no active part in the business, but who has
an interest in the concern, and shares the
profits, and thereby becomes a partner,
either absolutely, or as respects third
persons.

10. TYPE NO.3
NOMINAL PARTNER
Person who has
an interest in the success of
a partnership firm but, legally, is
not partner because he or she neither
owns a part of the firm nor actively
participates in its affairs.

11. TYPE NO.4
PATNER IN PROFIT ONLY
This is the type of
partner where partner is liable for only
profit. This type partner not active but
not slipping also.

12. Type no. 5
PARTNER BY
ESTOPPEL
By creating such
atmosphere that everyone should feel
that he is real partner but in actual he
is not partner.

13. TYPES OF PARTNERSHIP
Following are the types of
partnership which are as follows :
Fixed partnership
Partnership at well
For particular work
Limited partnership

14. Type no.1
FIXED PARTNERSHIP
In one formed for a specific
purpose, undertaking or venture and is
terminated upon completion of the
undertaking of accomplishment of the
objective. It is also a partnership where the
partners agree on the term of its existence. -
it becomes a partnership at will if after the
expiration of the term , the partners will
decide to continue the business.

15. Type no.2
PARTNERSHIP AT
WELL
IT is one in which
there is no fixed term for its
existence. It can be
terminated anytime.

16. PARTNERSHIP FOR
PARTICULAR
WORK
THIS is the another form of
partnership where partnership is
form for particular work.
Ex. For particular profit or
production.

17. Type no.4
limited partnership
This a partnership where
the liability of one or more but not all
partners is limited only up to the extent
of his interest or capital in the
partnership. In a limited partnership,
the law provides that there must be at
least one general partner.

18. conclusion
It help to know partnership act 1932.
Partnership is formed to expand the business.
Partnership help to new peoples for new business .
Partnership business give opportunities to expand
business.