Business Studies, asked by yashsethunravel, 1 year ago

who is a nominal partner?

Answers

Answered by Akash7766
24
Hey mate here is ur answer...!!!!!

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A nominal partner is one who allows the use of his/her name by a firm, but does not contribute to its capital. He/she does not take active part in managing the firm.
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Hope it helps..✌️✌️

GhaintKudi45: u both
GhaintKudi45: ohh
Akash7766: 11th
GhaintKudi45: me 2 -11th medical
GhaintKudi45: 3no hee 11th ke.. what a coincidence
hudsonriverniel: hello
Answered by GhaintKudi45
6
HEY DEAR!!

YOUR ANSWER HERE...

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A nominal partner is one who does not have any real interest in the business but lends his name to the firm, without any capital contributions, and doesn’t share the profits of the business. He also does not usually have a voice in the management of the business of the firm, but he is liable to outsiders as an actual partner.

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HOPE HELPED:)

THAT'S ANANYA RATHEE ;D

#BB
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