|
Type |
Capital contribution |
Management |
Share in
profits/ losses |
Liability |
|
Active partner |
Contributes
capital |
Participates in management |
Shares profits/
losses |
Unlimited
liability |
|
Sleeping or
dormant partner |
Contributes
capital |
Does not participate
in management |
Shares profits/
losses |
Unlimited
liability |
|
Secret partner |
Contributes
capital |
Participates in
management, but secretly |
Shares profits/
losses |
Unlimited
liability |
|
Nominal partner |
Does not
contribute capita |
Does not participate
in management |
Generally does
not share profits/ losses |
Unlimited
liability |
|
Partner by
estoppel |
Does not
contribute capita |
Does not
participate in management |
does not share
profits/ losses |
Unlimited
liability |
|
Partner by
holding out |
Does not contribute
capita |
Does not
participate in management |
does not share
profits/ losses |
Unlimited
liability |
