RS 01802.304 Partners
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.