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silent partner |
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Silent partner A partner in a business who has no role in management but shares in the liability, tax responsibility, and cash flow.
Silent Partner In a partnership, a partner who owns a share in the company's equity, but does not take part in management. A partner provides capital in order to fund the company's operations and is liable for loss up to the amount of an investment. A silent partner is also responsible for at least a portion of the company's tax liability. Less commonly, a silent partner is called a sleeping partner. silent partner A partnership investor without any voting power or authority. See limited partnership. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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