kinds of partners

• Capitalist, Industrial & Capitalist-Industrial

  According to contribution
• contributes capital in money or property

  Capitalist
• contributes industry, labor, skill or service

  Industrial
• contributes money, property and industry

  Capitalist-Industrial
• General & Limited


  According to liability
• extends to their private property

  General
• the extent of his capital contribution to the partnership

  Limited
• Managing Partner & Silent


  According to Management
• manages the business actively

  Managing Partner
• provides capital but does not participate in the management of partnership affairs

  Silent
• not really a partner but is made liable as a partner to protect the rights of innocent third parties

  Nominal
• takes active part in the business but whose connection with the partnership is concealed on unknown to the public

  Secret
• does not take active part and is not known to the public as a partner

  Dormant Partner
• takes active part and is known to the public

  Ostensible Partner