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A Partner (Owner) Who Invests Money in a Business Does

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A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested.


Definitions:

Union Dues Payable

Liabilities recorded on a company's balance sheet for union dues that are owed but not yet paid.

Current Liabilities

A company's debts or obligations that are due within one year.

Long-Term Liabilities

These are obligations or debts that are due to be paid out beyond one year in the future.

Current Liability

A liability that must be paid off within one year or the standard operating cycle of the company, whichever period is greater.

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