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Old 04-16-2000, 07:16 AM
l_b
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What is the legal responsibilty and legal liability of a silent partner?
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Old 04-16-2000, 10:37 AM
Lg2
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I don't know if there is a legal definition of a silent partner. A limited partner is one who is invested in a company. She makes no control decisions, and does not have a say in the business. she is entitled to her share of profits, but is generally not liable
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