Sleeping Partner In The Firm | Vkeel - Free Legal Advice

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Rajasthan

[Hypothetical] Can I become a sleeping partner in the firm without investing any money. I am still currently a student and a relative of mine is ready to make me a sleeping business partner but since I don't have any source of income. Can my relatives use their own saving and invest it in the business on my behalf to make me a sleeping partner. Or Is there any other possible way around. Thanks. Have A Nice Day!

Expert's Answers(4)

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Bengaluru, Karnataka

184 Client Ratings

Dear Sir Even sleeping partner get profits and you can claim such profits .

September 2, 2020
Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

yes you can become a sleeping partner by investment of others

September 2, 2020
Advocate Suneel Moudgil
Panipat, Haryana

40 Client Ratings

you can become a sleeping partner, however, advised to consult any expert along with the relevant documents

September 2, 2020
Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

It is a hyper technical matter. If you opt for this proposal you will have to qualify numerous tedious legal propositions. The documentation will lead to another difficult problem. Hence. the proposition sleeping partner requires a serious thought think again.

September 1, 2020