sleeping partners - Hutchinson encyclopedia article about sleeping partners Printer Friendly
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sleeping partner
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sleeping partner

Partner in a business who takes no active role in running the business, but still receives benefits from the business. A sleeping partner is usually an investor in the business who, in return for their investment, receives a share of the profits of the business. Once the business is firmly established, it may be possible to buy the sleeping partner out. By taking a risk in the first instance, a sleeping partner may become very rich, as the garage owner who invested in the Body Shop did when the company was floated on the London Stock Exchange.
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