name the type of partner who contributes capital and shares profit/loss but does not take part in the day to day management of the firm
Answers
Answer:
sleeping Partners
2. Sleeping or dormant partner: Partners who just contribute the capital and do not take part in the day to day activities of the business are called sleeping Partners. He shares in the profits or losses of the firm. His liability for the firm's debt is unlimited.
Answer:
The correct answer is Sleeping Partner
Explanation:
A sleeping partner is a person who provides some of the capital for a business but who does not take an active part in managing the business.
Is sleeping partner legal?
someone who has sufficient money or interest within the firm, however cannot dedicate his time to the business, can act as a napping associate inside the firm. but, he's certain by all the acts of the other partners.
What are the advantages of sleeping partner?
The most commonplace gain of the snoozing partner is the risk of incomes through funding returns. The snoozing companions additionally do not contain themselves in enterprise choices. consequently, they may be additionally less uncovered to legal responsibility for any economic problems of enterprise.
What is meant by sleeping partner.
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name the type of partner who contributes capital and shares profit/loss but does not take part in the day to day management of the firm
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