Who is (i) an active partner (ii) a sleeping partner?

4 years ago
Principle of Management

Active partner: Any partner who is authorized by others to manage the business is known as active partner.

Sleeping partner: Any partner who does not express his intention to participate in the business can be called as a sleeping partner. He will be just an investor who has a right to share profits.

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Susmita Sah
Susmita Sah
Jan 13, 2022
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