Chris Loranger and Mei Ling want to form a partnership to open a restaurant. They are considering
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Chris Loranger and Mei Ling want to form a partnership to open a restaurant. They are considering bringing in a third partner who does not want any day to-day responsibility for managing the operations; he or she may simply want to receive a return on his or her investment. Describe the type of partner this person would be.
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This person would be a silent partner A silent partner is an investor who contributes capi...View the full answer
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Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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