RS 01802.304 Partners

A. DEFINITION

A member of a partnership. The name given is not controlling. Other names include, associate, coadventurer, joint-operator, and member. May be either a natural person or artificial, i.e. a corporation.

The terms “silent partner” and “inactive partner” are sometimes confused with limited partner. They are not the same.

B. OPERATING POLICY

For coverage and tax purposes, “silent” or “inactive” partners may derive NESE.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301802304
RS 01802.304 - Partners - 09/15/1997
Batch run: 01/27/2009
Rev:09/15/1997