6 Questions
Which type of partner has unlimited liability and is active in managing the firm?
General partner
Which type of partner takes an active part in the management of the business but is unknown to the public?
Secret partner
Which type of partner does not contribute any capital to the business and has no right of participating in the management?
Nominal partner
Which type of partner only shares from the profit or losses based on their contribution to business?
Sleeping partner
Which type of partner is known by the public as an owner of the business but may not actively participate in the management?
Silent partner
Which type of partner has invested in the business but does not have any management responsibility or liability for losses beyond investment?
Limited partner
Explore the various types of partners based on their involvement in a partnership, including general partners who have unlimited liability and active management roles, and silent partners who may not actively participate in management but are known as owners.
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