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What is an Active Partner?
15. What is an Active Partner?
- An invested person who is involved in the daily operations of the partnership.
- A person who provides some of the capital for a business but who does not take an active part in managing the business.
- A person who holds himself out as a partner or permits a partner to hold him out.
- A person who gives an impression to others that he/she is a partner of the firm.
Answer: A) An invested person who is involved in the daily operations of the partnership
Explanation:
An active partner is a put individual who is associated with the day-by-day activities of the organization. A functioning accomplice helps maintain the business to upgrade their profits and is along these lines thought about a material member. This individual commonly shares more danger and return versus a restricted or quiet accomplice.