WELCOME

SLIDE PRESENTATION

PRESENTED BY:

NAME:ANOOP.A.V

CANDIDATE CODE:19016361002

OPTION:COMMERCE

TYPES OF PARTNERS

1.ACTIVE PARTNER

A partner who takes active part in the management

of the activities of a partnership business is known

as active partner. Active partner is also known as

‘working partner’. He may play the role of a

manager, organizer or controller of the partnership

firm. The active partner has unlimited liability.

2.SLEEPING PARTNER

A partner who is not active, who does

not take part in the activities of

partnership business is known as

sleeping partner. He contributes

capital and he has a share in the firm.

He has unlimited liability and he is also

known as dormant partner.

3.PARTNER IN PROFIT ONLYWhen partner is admitted into

partnership firm with a special

agreement that he is entitled to share

profits of the firm but not in the losses.

He contributes capital of the firm, but

he has no right to take part in the

activities of the business firm. The

ability of such partner is unlimited.

4.NOMINAL PARTNERA partner who does not contribute to

the capital of the firm, but is willing to

allow himself to the represented as a

partner of the firm is known as nominal

partner. He is not entitled to take part

in the management of a firm and he

does not share the profits or losses of

firm. He becomes liable to outsiders

for the debts of the firm.

5.LIMITED PARTNERWhen a partner is admitted into a

partnership firm with a special

agreement that he is entitled to share

in profits of the firm but not in the

losses, he contributes capital of the

firm, but he has no right to take part

in the activities of the business firm. A

limited partner is one whose liability is

limited to the capital invested by him.

He has no longer in the management of

the firm.

CONCLUSION

From this brief topic, I am evident and

confident to conclude it as by knowing

about partners, we can come to know

and study about partners and

partnership in detail.

THANK YOU....