HANDOUT NO.

2P

KINDS OF PARTNERS

(1) As to Contribution
a) Capitalist partner – one who contributes money or property to the common
fund.
b) Industrial partner - one who contributes industry or services to the common
fund.

(2) As to Liability
a) General partner – one who can be held liable for partnership obligations
even to the extent of their private property.
c) Limited partner or Special Partner – one whose liability extends only to his
contribution to the partnership.

(3) As to Nature of Management Work

a) Managing partner – one who is appointed by the partners as manager of the
partnership business.
b) Liquidating partner – one who handles the affairs of the partnership after
dissolution.

(4) As to Knowledge by the Public

a) Ostensible Partner– one who is known to the public as a partner in the
business.
b) Secret Partner– one whose connection with the business is unknown to the
public.

(5) As to Connection with the Partnership

a) Real Partner – one who is actually connected with the partnership.
b) Nominal/Partner by Estoppel/Partner by Implication – one who is not
actually a partner but a partner by name only.

(6) As to Extent of Participation in the Business

a) Universal Partner – one whose participation refers to the whole or entire
business.
b) Particular Partner – one whose relation is specified or limited to a part of the
business.

(7) As to Power in the Partnership

a) Silent Partner – one who has no control or relation to the management of the
business.
b) Dormant Partner/Sleeping Partner – one whose connection with the
partnership business is concealed and who does not take active part in the
business.
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(8) As to Time of Admission

a) Original Partner – partner at the time of the execution of contract of
partnership.
b) Newly admitted/Incoming Partner – partner after the formation of the
partnership.

(9) Other kinds

a) Subpartner – one who, not being a member of the partnership, contracts with a
partner with reference to the latter’s share in the partnership.
b) Retiring Partner – one who withdraws from the partnership.

Sources: Civil Law Reviewer, Desiderio P. Jurado, 2012 Edition

Comments and Cases on Partnership, Agency and Trusts Hector S. De Leon,
2011 Edition.
Pointers in Business Law, Carlos B. Suarez, 2011 Edition

A. Villegas