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LSDefine

Simple English definitions for legal terms

secret partner

Read a random definition: Agency for International Development

A quick definition of secret partner:

A secret partner is someone who is part of a business but their involvement is kept hidden from the public. They share in the profits but may not have an active role in managing the business. They can also be called a sleeping partner.

A more thorough explanation:

A secret partner is a type of partner in a business whose connection with the firm is hidden from the public. They are also known as sleeping partners. They share in the profits of the business but do not take an active role in its management.

For example, if a group of friends start a business and one of them invests money but does not want their name to be publicly associated with the business, they can be a secret partner. They will still receive a share of the profits, but their involvement will not be known to customers or the public.

Another example is a wealthy investor who wants to invest in a business but does not want to be involved in its day-to-day operations. They can be a secret partner and provide financial support without being publicly associated with the business.

Overall, a secret partner is a type of partner who is involved in a business but keeps their involvement hidden from the public.

secret equity | Secret Service

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HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
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