similarities between active partner and sleeping partner
Answers
The partners of the can be divided mainly into two types being Active Partner and Sleeping Partner.
The partner who actively participates in the operations and management of the Partnership is called Active Partner. The partner who does not contribute for the operation of the company or is a partner only for the purpose of contribution of cash or assets to the company is known as Sleeping Partner.
However, as the question raised is about difference between active partner and general partner, both terms are synonyms and are used in respect of Active Partner.
Answer:
The partners of the can be divided mainly into two types being Active Partner and Sleeping Partner.
The partner who actively participates in the operations and management of the Partnership is called Active Partner. The partner who does not contribute for the operation of the company or is a partner only for the purpose of contribution of cash or assets to the company is known as Sleeping Partner.
However, as the question raised is about difference between active partner and general partner, both terms are synonyms and are used in respect of Active Partner.