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An ostensible partner is active in the business and known as a partner.

An active partner may or may not be ostensible as well.

A dormant partner is inactive and not known to be a partner.

A secret partner is active but not known as a partner.

A silent partner is inactive and not known as a partner.

A nominal partner (partner by estoppel) is not a true partner in any sense, not being a party to the partnership agreement. A nominal partner, however, presents himself or herself as a partner, or permits others to represent him or her as a partner. A nominal partner, therefore, is liable to third parties as if he or she were a partner.

A sub-partner is a person who is not a member of the partnership but contracts with one of the partners to represent that partner by participating in the firm’s business and profits.

A limited or special partner risks only his or her agreed investment in the business, assuming that statutory formalities have been complied with. As long as he or she does not participate in the management and control of the enterprise or in the conduct of its business, the limited partner is generally not subject to the same liabilities as the general partner.