Definition Definition

Silent partner

Silent partner is a partner who assumes no active role in managing the firm, but who may be known to the general public as a partner. such a person provides a business with funds solely to get a piece of the action, that is, to earn income. Often the silent partner is a person with money available for investment but with no time or skills to contribute to management. The law requires limited partners to be silent partners.

Share it: CITE

Related Definitions