Who is a nominal partner?

Answer 1

A nominal partner is an individual who is listed as a partner in a business but does not have any active role in its management or operations. They typically do not contribute capital or share in profits and losses, but their name may be used for credibility or to attract clients. Nominal partners are often involved in a partnership for reputational reasons rather than for active participation. Their liability is usually limited, depending on the legal structure of the partnership.