Llc operating agreement silent partner

Other Names: Silent Partner Agreement Silent Partnership Contract Silent Investor Agreement

What is a Silent Partnership Agreement?

A Silent Partnership Agreement is a document that helps outline the working relationship between general partners and a silent partner. Silent Partnership Agreements provide information on the latter’s financial contribution, liability, and share of profits and losses. Silent Partnership Agreements, also known as Silent Partner Agreements, help ensure a silent partner is able to share in the gains and losses of the venture while playing less of a role in the day-to-day management of the company. The addition of a silent partner can be great for you and your business if the partner is capable of offering guidance as necessary and an infusion of capital. If you are setting up a new partnership, or trying to bring in new investors as silent partners into an existing business, a Silent Partnership Agreement can help outline everyone's interest in a legally binding document. Get started on your Silent Partnership Agreement with Rocket Lawyer right away!

When to use a Silent Partnership Agreement:

You're welcoming a silent partner to your company.
You are a silent partner entering into a business.
You manage a business that has silent partners.

Sample Silent Partnership Agreement

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