Define sleeping and active partners......
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Sleeping Partners : Some partners provide only the finance, but do not take part in the running of the business. Such partners are called sleeping partners.
Active Partners : Active partner is that who not only invests capital but looks after the activities of the business. Active partner always receives profits and a fixed salary for managing the business.
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◇ANSWER
●Active Partner
☆A partner who has responsibilities for running the business is an active partner. In some arrangements, each partner takes a defined role, such as sales, marketing or production.
●Sleeping Partner
☆ A sleeping partner is a person who provides some of the capital for a business but who does not take anactive part in managing the business
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