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Among the various types of partners, a sleeping partner, also known as a dormant or silent partner, plays a distinct role. A sleeping partner contributes capital to the partnership but does not participate in its day-to-day management or decision-making processes. He is a sleeping partner, taking his pecuniary profit without any risk. Every local authority that has the power to levy a rate is in the position of a sleeping partner in every enterprise within its bounds. These examples are from corpora and from sources on the web. A sleeping partner, also known as a silent partner, is an individual who invests capital in a partnership business but does not actively participate in the day-to-day operations or management of the business. A designated partner is an important position in an LLP. Can a designated partner be a sleeping partner? Learn to know more. A designated partner is assigned as a director of the company but with additional rights and privileges. The designated partners should receive a designated partner identification number (DPIN). In the process of registration, the documents should indicate at least two individuals as designated partners. In case there is any shortage of any documents, the partner name ...
