Silent Partnership Agreement

A Silent Partnership Agreement allows a silent partner to share in the business' gains and losses, but maintain a more hands-off approach when it comes to the day to day management of the company. The addition of a silent partner can be great for you or your business; it can provide a new infusion of capital and an extra person to bounce ideas off of. Despite the benefits, however, there are still a lot of details that need to be worked out - a Silent Partnership Agreement helps define all the terms your agreement.

Use the Silent Partnership Agreement document if:

• 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.