To

Team of Spectacular Seven:

VARUNYA MANYA
CHANDANA SINCHANA
PREETHIKA MAITRI RAKSHITHA
UNDER THE GUIDENCE
OUR BELOVED
MS. NAGA JYOTHI
MAA’M
DEPARTMENT OF COMMERCE
 PARTNERS
A partnership is a form of business
which enables two or more persons to
co-own an organization, and they agree
to share the profits and losses of the
company. Each member of such a
business is called a Partner.
 ACTIVE PARTNER

SLEEPING PARTNER

SECRET PARTNER

NOMINAL PARTNER
TYPES OF
PARTNERS PARTNERS BY ESTOPPEL

PARTNERS BY HOLDING OUT

MINOR PARTNER
 ACTIVE PARTNERS

An active partners is the one who

actually or actively takes part in
the activities of business
-CONTRIBUTES CAPITAL
-PARTICIPATE IN
MANGEMENT
-SHARES PROFIT AND LOSS
-UNLIMITED LIABILITY
 Sleeping / Dormant partners
Partners who doesn’t take part in the
day to day activities in the business are
called sleeping partners

-CONTRIBUTES CAPITAL
-DOESN’T PARTICIPATE IN
MANAGEMENT
-SHARES PROFIT/LOSS
-UNLIMITED LIABILITY
 Secret partners
A secret partners is one whose
association with the firm is
unknown to the general public
-Contribute capital
-participate in the

management but in secret

-shares profit/loss
-unlimited liability
 Partners by Estoppel

A person is considered a
partner by Estoppel if, through
his/her own initiative

-Conducts or behaviour,
he/she given an impression to
other that he/she are the
partner of the firm
 Nominal partners
A person partners is one who
allows the use of his/her name
by the firm , but doesn’t
contribute in the capital
-Doesn’t contribute capital
-doesn’t participate in
management
-doesn’t shares profit/loss
-unlimited liability
 PARTNERS BY HOLDING OUT
A person who is not a partners of the
firm but knowingly allows himself to
the represented
as a partners in the firm

-Doesn’t contribute capital

-Doesn’t participate in management
-Doesn’t shares profit/loss
-Unlimited liability
 Minor partners
A minor partner can be
admitted to share the profit
of the firm but cant be
asked for the contribution
of capital Or bear the loss
incurred by the business
Team of Spectacular Seven:

THANK YOU ALL