Persons who are in a partnership are called __________ partners.

Name: Persons who are in a partnership are called __________ partners.
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Question

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General partners are those who actively participate in the management of the partnership and share in its profits and losses. Silent partners are those who do not participate in management, secret partners are not disclosed to the public, and nominal partners are those who have only lent their name and not actively involved in the partnership.

Persons Who Are in a Partnership Are Called __________ Partners