Partner
A business partner is an individual who jointly with other people (partners) agrees to set up a business firm and provide goods and services through it. Partners of a partnership firm can be of different types, such as an active partner, secret partner, minor partner, nominal partner, or sleeping partner. Each of these partners has different qualities and roles in the running of a partnership firm.
Types of Partners (Bussiness)
Business Partners come in many forms, each offering unique skills and resources that help a company grow and succeed. An organisation that is engaged in a business or a commercial activity, and is a separate unit of business is known as a Business Enterprise.
In business, choosing the right type of partnership is important for success. There are different kinds of partnerships, each with its own advantages and challenges. This article will explain the main types of business partnerships, helping you understand which one might be the best fit for your venture.
Table of Content
- Partnership
- Partner
- Types of Partners
- 1. Active Partner
- 2. Sleeping or Dormant Partner
- 3. Secret Partner
- 4. Nominal Partners
- Table: Different types of partners – Summarized
- Types of Partners- FAQs
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