what is sleeping partner
Dear Student,
A sleeping partner is a partner who one who does not take active part in the management of the business. He/she only contributes to the share capital of the firm, he/ she is bound by the activities of other partners, and shares the profits and losses of the business. A sleeping partner is also not required to give a public notice of his retirement.
Regards
A sleeping partner is a partner who one who does not take active part in the management of the business. He/she only contributes to the share capital of the firm, he/ she is bound by the activities of other partners, and shares the profits and losses of the business. A sleeping partner is also not required to give a public notice of his retirement.
Regards