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LSDefine

Simple English definitions for legal terms

secret partner

Read a random definition: agent's lien

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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