secret partner take intrest in management, but how ? he is unknown to public
Answers
Answer:
A secret partner, unlike a silent partner, has a say in the business' operations, but the public is not aware that the secret partner is involved in the business. Her name is not associated with the business in any way. A secret partner may have a tarnished reputation from a previous business failure and doesn't want that reputation to taint the new business, or she simply may prefer to operate anonymously.
Secret partners share in the liability of the business, unless the business operates under a limited partnership. A limited partnership agreement limits the liability of the partners in the event of debts or lawsuits. If the partnership is not organized as a limited partnership, each partner could incur unlimited liability for damages. Even though secret partners aren't publicly known as partners, they still can incur liability.
Answer:
contacts and money to a new or growing business. Partnerships take many forms. You may recruit an equal partner who contributes the same amount of money and labor to the business as you do. A controlling partner, however, contributes a larger share of assets and reaps a larger share of the profits than an equal partner. You also may have a silent partner or even a secret partner, who operates behind the scenes while you are the "face" of the business.
Silent Partner
A silent partner contributes to the business but has no say in the business' daily operations. He is silent when it comes to dictating how the business is run. A silent partner is known by other people to be a partner in the business. Sometimes a silent partner's reputation or business contacts lend a favorable impression to the business and strengthen its image in the community.
Secret Partner
A secret partner, unlike a silent partner, has a say in the business' operations, but the public is not aware that the secret partner is involved in the business. Her name is not associated with the business in any way. A secret partner may have a tarnished reputation from a previous business failure and doesn't want that reputation to taint the new business, or she simply may prefer to operate anonymously.
Both secret and silent partners share in the liability of the business, unless the business operates under a limited partnership. A limited partnership agreement limits the liability of the partners in the event of debts or lawsuits. If the partnership is not organized as a limited partnership, each partner could incur unlimited liability for damages. Even though secret partners aren't publicly known as partners, they still can incur liability.
Other Considerations
People sometimes use the terms "secret partner" and "silent partner" to mean the same kind of partner. Some sources make no distinction between a secret partner and a silent partner, stating that a silent partner may be unknown to the public. Therefore, a silent partner also may be a secret partner. The main distinction is in whether or not the partner has a say in the business' day-to-day operations; a silent partner never does, and a secret partner may.
People sometimes use the terms "secret partner" and "silent partner" to mean the same kind of partner. ... Therefore, a silent partner also may be a secret partner. The main distinction is in whether or not the partner has a say in the business' day-to-day operations; a silent partner never does, and a secret partner may.