Sleeping partner Any partner who does not express his intention to participate in the business can be called as a sleeping partner. He will be just an investor who has aright to share profits. 14. What is a Cooperative Enterprise? A Cooperative enterprise is a voluntary association of persons for mutual benefit and its aims are accomplished through self-help and collective effort. It maybe described as a protective device used by the relatively less strong sections of society to safeguard their economic interests in the
face of exploitation by producers and sellers working solely for maximizing profits. Ex: AAVIN Milk Federation Cooperative Society.
