English, asked by Anonymous, 1 year ago

meaning of nominal partner in partnership ???????

Answers

Answered by DSP1234

A nominal partner is a partner in the business who has no actual interest in the trade or its profits. ... Generally, a nominal partner is a well known, well connected individual whose name lends credibility and recognition to the firm. A nominal partner is paid a fee for this service.

please keep me has brainleist

Answered by pratikshahota

Answer:

which isn't an active partner and doesn't take part in everyday business but shares the profit

Previous Question

Next Question

Similar questions

Math, 6 months ago

Make this statement true. -15__-7...

Accountancy, 6 months ago

Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2004 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240,000 Variable costs 160,000 Fixed costs 50,000 How many sets of clubs must be sold for Tee Times, Inc. to reach their breakeven point?

World Languages, 6 months ago