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Learn about the different types of partners in a partnership firm, such as active, dormant, nominal, partner by estoppel, partner in profits only and minor partner. Find out their rights, liabilities and obligations under the Indian Partnership Act.
Dec 21, 2022 · Learn the difference between silent and general partners in business partnerships and LLCs. Silent partners provide capital, while general partners manage the business and have unlimited liability.
Oct 18, 2021 · A silent partner is known by other people to be a partner in the business. Sometimes a silent partner's reputation or business contacts lend a favorable impression to the business and strengthen...
Dec 21, 2022 · A silent partner is an investor in a business who does not manage or control it. Learn about the advantages and disadvantages of being a silent partner, such as limited liability and passive income.
Jun 12, 2024 · A silent partner is an individual who provides capital to a business but has no involvement in its operations or management. Learn how silent partners work, their advantages and disadvantages, and how they compare to general partners.
Dormant partners are those who do not participate in the day-to-day activities of the partnership firm, but only contribute capital and share profits or losses. Learn more about the rights, duties, and liabilities of dormant partners and other types of partners in partnership business.
A dormant partner is a type of partner in a business who shares in the profits but does not actively participate in managing the business. They may not be publicly known and may not be involved in decision-making. However, they are still responsible for any debts the business incurs.
