sleeping partner

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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.

sleeping partner

a partner in a PARTNERSHIP who contributes capital to finance the business but takes no active part in managing the company. Sleeping partners still retain unlimited liability for the debts of the partnership alongside active partners.
References in periodicals archive ?
We gradually bought out the sleeping partners and then reversed into John Lusty.
Fifty-eight percent of those with sleeping partners say it is the hardest environmental factor to compromise on with their partner.
Women were much more likely than men to mention that their sleeping partner does something that prevents them from sleeping (84 percent vs.
Pricing of the Sleeping Partners line ranges from $160 to $200 for a crib bumper, $60 to $120 for a coverlet, and as much as $40 for a pima cotton fitted sheet.
BackCare(R) Ultimate also is available with Dual Comfort(R), a new feature providing sleeping partners with different levels of firmness.
March 2 /PRNewswire/ -- Sleep-deprived snorers and their sleeping partners can finally rest easy, thanks to a new anti-snoring device introduced to the U.
But she mentions her other sleeping partners, Leonard Rossiter and Sir Robin Day.
I tell my partner that the baby line will one day take over the adult line," said Sandy Tabatznick, president of Sleeping Partners.
To relieve some of those body aches, one-third of Americans or their sleeping partners have slept on a floor or in a chair.
Bestie, who knows more about sleeping partners than Warren Beatty, says he is one of them in this new venture.
And, it's Stoch's non-mainstream attitude regarding bedding which has vaulted Sleeping Partners to a $1 million-a-year operation.