kinds of partnerships

• Service, Merchandising or Trading & Manufacturing

  According to Activities
• main activity is the rendering of services

  Service
• main activity is the purchase or sale of goods

  Merchandising or Trading
• main activity is the production of good

  Manufacturing
• General & Limited


  According to liability
• all partners are general partners

  General
• one or more general partners and one or more limited partners

  Limited
• Universal partnership of all present property, Universal partnership of profits & Particular partnership


  According to object
• the partners contribute all the property which belong to each of them dividing the same among them as well as the profits


  Universal partnership of all present property
• each partner can enjoy the use of asset by each partner contributed but the ownership of the movable or immovable will still be the asset of the partner


  Universal partnership of profits
• when a certain project is done, the partnership is also done

  Particular Partnership
• Partnership at will & Partnership with a Fixed Term

  According to the duration of partnership existence
• no term is specified, may be terminated any time by mutual agreement

  Partnership at will
• which the partnership is to exist is agreed upon

  Partnership with a Fixed Term