Who are sleeping or dormant partners ?
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A silent partner is an individual whose involvement in a partnership is limited to providing capital to the business. A silent partner is seldom involved in the partnership'sdaily operations and does not generally participate in management meetings.
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A silent partner is an individual whose involvement in a partnership is limited to providing capital to the business. A silent partner is seldom involved in the partnership'sdaily operations and does not generally participate in management meetings.
Hope it's help you!
Be Brainly!
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1
A sleeping partner who one does not take part in every day working of the association firm, for example, he doesn't take a functioning part in the day by day exercises of the firm. The activity of the various accomplices anyway binds him.
He will keep on sharing the benefits and misfortunes of the firm and in any event, acquire a lot of capital like some other accomplice. If such a torpid accomplice resigns, he need not give clear notice of the equivalent.
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