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What is a Nominal Partner in Partnership?

What is a Nominal Partner in Partnership

Definition of Nominal Partner The Nominal Partner is an individual who is not a part-owner and not actively involved in the firm’s operations. They are often well-known figures who lend their name to the company for a fee. Who is the Nominal Partner in the Partnership? A nominal partner lends …

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What is the Reunion of Partition under Hindu Law?

What is the Reunion of Partition under Hindu Law

The reunion of partition is a procedure to re-joined a status that the family members made as a partition of family property in previous. In simple words, we can say that the reunion reflects that kind of position where the family exists at once joint before the partition of the …

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What is an active partner in a partnership firm, and how it works?

What is active partner in partnership firm and how it works

What Is Active Partner? An active partner in a partnership refers to being involved in the firm’s daily work and operations. An active partner plays a significant role in growing and helping the partnership firm’s business. As active partners manage the activities of a firm’s business, that’s why they take …

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