A silent partner is a person whose main contribution to a business is in the form of capital. A silent partner is usually not involved in the day-to-day affairs of the partnership, hence the term „silent“. Silent partners usually enjoy limited liability and are only exposed to the extent that they invest in the business. Being a silent partner can be a good option for investors who want to take advantage of the passive income of a growing business, but don`t want to interfere in the way the business is run. You can create your own custom silent partnership agreement with Rocket Lawyer. Select your status and click the Create Document button to start creating your own document. You are invited to answer a few questions about your agreement.. . .