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What is dormant partner

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What is dormant partner

Posted by Anushka Khandelwal 4 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Mansi Kulshreshtha 4 years, 9 months ago

Dormant or sleeping partner is a partner who contributes in the capital,shares profits and losses, have unlimited liability but doesn't contribute in business activities.

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Raja Ram 4 years, 9 months ago

The partner who contributes capital to the firm, shares profit and losses, have unlimited liability but doesn't participate in management. This is what dormant partner is.

0Thank You

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