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partnership
(redirected from Passive shareholder)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

partnership

Two or more persons carrying on a common business for shared profit. The business can be of any kind – for instance, solicitors, shop owners, or window cleaners. A partnership differs from a limited company in that the individuals remain separate in identity and are not protected by limited liability, so that each partner is personally responsible for any debts of the partnership.

In a limited partnership, a general partner or partners with a limited liability manage the enterprise, while limited partners have no management rights and their liability is limited to their investment.
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Mentioned in?  References in periodicals archive?   Hutchinson browser?   Full browser?
 
Passive shareholders who might be acquiring would have to have 25 percent of all shares under the new rules.
LEE AUTHORIZES $30M SHARE BUYBACK PLAN by NewsInc
Shareholder conflict, particularly between passive and active shareholders, may also exist to the extent that passive shareholders view the business as a birthright," he added.
Successful succession planning by Orr, Vanessa / Alaska Business Monthly
The days of passive shareholder acquiescence were over.
From days of thunder, the movement marches on. (The Shape of Things ... by Goldin, Harrison J. / Directors & Boards
 
 
 
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