who is dormant partners
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DORMANT PARTNER. One who is a participant in the profits of a firm, but his name being concealed, his interest is not apparent. See Partners, A Law Dictionary, Adapted to the Constitution and Laws of the United States.
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This is a partner that does not participate in the daily functioning of the partnership firm, i.e. he does not take an active part in the daily activities of the firm. ... He will continue to share the profits and losses of the firm and even bring in his share of capital like any other partner.
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