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A silent partner or sleeping partner is one who still shares in the profits and losses of the business, but who is not involved in its management. [20] Sometimes the silent partner's interest in the business will not be publicly known. A silent partner is often an investor in the partnership, who is entitled to a share of the partnership's profits.
In English, they are often called TK or silent partnerships. In many respects they are similar to common law limited partnerships . In a tokumei kumiai arrangement, "anonymous (or silent) partners" ( 匿名組合員 , tokumei kumiai'in ) invest in a venture operated by a manager ( 営業者 , eigyōsha ) .
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the granting of the partner the rights to manage and administer the business or a specific department. the authorization of a majority of partners to manage the affairs of the entire partnership. This is particularly common where there are numerous partners. provisions to account for, annually, the property and debts of the business.
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