Accountancy, asked by s6tysukankira, 1 year ago

What is mean by nominal partner?

Answers

Answered by mojo1

Which isnt an active partner and doesnt take part in everyday business but shares the profit

Answered by oluwaseseberepelumi

A nominal partner allows his name to be used by the firm for prestige and reputation purpose. He is a partner who does not contribute capital or engage in the day to day running of the business.

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