MLchartDataset catalogue

Silent partner

Term · Law · MLC-T-LAW-004554

A partner who contributes capital to a business but takes no active part in managing it, and who may be kept out of public view. In a general partnership a silent partner is still personally liable for the firm's debts, since only a limited partner in a limited partnership has liability capped at the investment. Silent describes the partner's role in the business, not a separate legal status.

Table 1. Record
IdentifierMLC-T-LAW-004554
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004554",
  "term": "Silent partner",
  "field": "Law",
  "definition": "A partner who contributes capital to a business but takes no active part in managing it, and who may be kept out of public view. In a general partnership a silent partner is still personally liable for the firm's debts, since only a limited partner in a limited partnership has liability capped at the investment. Silent describes the partner's role in the business, not a separate legal status.",
  "url": "https://mlchart.com/terminology/law/silent-partner/"
}

Record 4,637 of 5,441 in Law terminology (MLC-0107). Request the full dataset.