- Active partner – One who takes an active role in the running of the partnership business
- Minor partner – One who is under 18 years of age, shares profits but cant take part in management.
- Quasi partner – One who does not contribute capital but allows the firms to use his name as a partner. Shares profits but not losses.
- Outgoing partner – One who is retiring from a partnership business with the consent of all other partners or in accordance with any previous agreement.
(Visited 10 times, 1 visits today)