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 member of a partnership who does not take active part in management and who is not publicly recognized as a partner.

silent partner

A partnership investor without any voting power or authority. See limited partnership.

References in periodicals archive ?
You should also find out whether government officials are silent partners of the foreign firm.
Initially the piece created confusion and irritation among the Williams students, though ultimately they became the artist's silent partners as they began to amend Rock Fan.
Sharpe and a group of silent partners committed to the creation of 120 full-time jobs over the next four years for Northern's two brewing plants in Sudbury and Sault Ste.
Tucker said he and two other silent partners bought all of Robinson's stock.