A partner who contributes only capital for the business but does not take any active part. Answer in a word / phrase / term.
Answers
Answered by
2
sleeping or dormant partner
Answered by
1
Sleeping partner
Explanation :
When there are two or more partners in a business, then there is another partner who invests only capital, does not actively participate in any activity of the business, it is called sleeping partner.
Such a partner only gets a share of his capital. This often happens in many businesses. One partner in two partners only invests the money, that is, it is the sleeping partner, and the other partner does not spend any money at all, which only conducts the business.
Similar questions
Math,
7 months ago
Math,
7 months ago
Accountancy,
1 year ago
Social Sciences,
1 year ago
English,
1 year ago