00:00This is a very important topic of clients of partner,
00:02which is a kind of partner.
00:04This is a sleeping partner.
00:06This is not a sleeping partner.
00:09Basically, this is a silent partner.
00:11This is not a business activity.
00:13This is only money.
00:17Profit is also a loss.
00:20It depends on this type of investment.
00:23This is a silent partner.
00:27Then, active partner.
00:28This is not a business activity.
00:34It will contribute to the capital.
00:37Profit will also distribute to the capital.
00:39Now, what is the difference?
00:41Both got 10-10 lakhs.
00:44One is a management.
00:46So, how do you get more than the management?
00:49Sometimes, it is the same thing.
00:51It is the same thing.
00:51It is the same thing.
00:53The active partner is also an expert.
00:56For me, many people say,
00:58You are an active partner.
01:00You are a sleeping partner.
01:01I am crazy.
01:05Okay.
01:06I am a nominal partner.
01:11Look, neither invest nor participate.
01:14But only allow business to use their name in market.
01:17Business always seek person of good reputation.
01:20By using their name partner.
01:22I am a private partner.
01:28But only allow business to use their name.
01:29And the firm is not the same thing.
01:30It is not that you have money on,
01:32Yes, don't work on.
01:34But, you have given the same to profit.
01:45But even a number of them are also a common meaning.
01:51Now you have to keep your name as a famous character.
01:55Okay, you have to open a shop in sports.
01:59Okay, you have to open a coach.
02:03You have to open a coach's name as a teacher.
02:07You have to open a coach's name.
02:09You have to open a branch.
02:11I have to open a franchise.
02:12I have to open a franchise.
02:14This is another thing.
02:16This is another thing.
02:17You have to tell us that this is a partner with us.
02:22Okay?
02:24So, this is a situation.
02:28This is a very popular celebrity.
02:30Then one is a cigarette partner.
02:33Now, these are people who don't have a lot of names.
02:36These are people who want to avoid black businesses.
02:39They want to avoid them.
02:42They don't want to avoid them.
02:44They can easily avoid profit.
02:47Now, this is a minor partner.
02:49It's different.
02:50In any country, in any country, in any country,
02:52in any country, in any country,
02:53there are people who want to avoid profit.
03:05So, if you want to avoid profit,
03:06you will not have a major part of it.
03:08You will not have a major part of it.
03:09You will not have to be back to it.
03:11Okay?
03:12Then, if we talk about partnership agreement,
03:14let's see.
03:15It's called firm's name.
03:18Extent of withdrawal.
03:19Address of firm.
03:21Interest of capital.
03:23Name address of all partners.
03:26Interest rate on withdrawal, if any.
03:29Provision for admission of a new partner.
03:31Capital investment of all partners.
03:34Provision of dissolution of partnership.
03:38Profit loss sharing ratio.
03:40Provision of retirement of partner.
03:42Right duty and liabilities of partner.
03:44Salary and commission of partner.
03:45Over time.
03:48So, this was a matter of performance.
03:52Yeah, cool!
03:54So, here is this for complete lecture.
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