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when partner ceases?

bishops palace · 2010-05-20 07:07:38

Hi guys, If a partner ceases engagement in a business, can they remain in the business as a silent partner if they get zero profits going forward? ie they would only remain so as to keep the name and bank a-c's the same etc? Any opinion would be great thanks, Bishops palace

20-05-2010 8:07am

#1

bishops palace

Registered Users, Registered Users 2 Posts: 45 ✭

Join Date: November 2008

Posts: 31

Hi guys,
If a partner ceases engagement in a business, can they remain in the business as a silent partner if they get zero profits going forward? ie they would only remain so as to keep the name and bank a-c's the same etc?
Any opinion would be great thanks,
Bishops palace

0

Comments

#2 20-05-2010 1:34pm

Mr. Incognito

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Posts: 9552

There are legal obligations as to a partnership so I will have to lock this.

Seek a professional

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This discussion has been closed.