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LSDefine

Simple English definitions for legal terms

secret partner

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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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