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 ?
and its Baby Guess Home collection to Sleeping Partner's custom-like looks and Park B.
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.
Sleeping Partners also produces all-cotton, casual yet upscale-designed infant bedding, in such fabrics as chambray.
Baby Guess Home, Park Smith and Sleeping Partners all package their infant bedding in pouches.
Sleeping Partners' 1,600 square foot loft space houses eight people on the sewing staff, plus Salvo and his partner Sandy Tabatznik.
"I'm a sleeping partner and to be honest I've got enough to do anyway with my charity matches and TV and magazine work.
Today, Sleeping Partners, taking up little more than apartment-size loft space, does close to $1 million dollars in business.
[] Business profits: The new treaty applies to the business profits derived by a "sleeping partner" in a "sleeping partnership" (Stifle Gesellschaft) under Austrian law.(43) A "sleeping partnership" is a contractual arrangement under which an investor (the sleeping partner, with limited liability) contributes money or property to the contracting partner's business in exchange for a share in the business's profits and under the entitlement to obtain specified information about the business's development.(44)