A partner who contributes to the capital but does not take part in running the business is known as

Answer Details

A partner who contributes to the capital of a business but does not take part in its management or day-to-day operations is known as a sleeping partner. They are also sometimes referred to as silent partners. This means that they invest money in the business but do not have any say in how it is run or make any decisions regarding the business's operations. In return, they usually receive a share of the profits or dividends. Sleeping partners are a common feature of partnerships, where two or more individuals join together to run a business.