Pooja posted an Question
January 28, 2022 • 15:30 pm 30 points
  • UGC NET
  • Commerce

Who are nominal partner ? tell me with examples.

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  • Priya sarda best-answer

    A person who does not have any real interest in the business or the working of the firm nor he has any rights in the profits is a nominal partner of the firm. For example: a partnership is executed with a celebrity or a business tycoon for value addition or for promoting a brand with that person's good will and fame

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