Advertisements
Advertisements
Question
Answer in one sentence only.
Who is called a nominal partner?
One Line Answer
Advertisements
Solution
A nominal partner is a partner who is paid a certain amount of fee for lending his name to the firm, which is important for building recognition of the firm. He’s also called a limited partner, as he neither invests in the business nor actively participates in its affairs.
shaalaa.com
Is there an error in this question or solution?
