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What is the role of a 'silent partner' in a partnership?

Practice Questions

1 question
Q1
What is the role of a 'silent partner' in a partnership?
  1. To manage the business actively
  2. To provide capital without participating in management
  3. To take on all liabilities
  4. To make all strategic decisions

Questions & Step-by-step Solutions

1 item
Q
Q: What is the role of a 'silent partner' in a partnership?
Solution: A silent partner provides capital to the partnership but does not take part in the day-to-day management of the business.
Steps: 0

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