FOLIO Ontology

Income from Business Ventures (Not Actively Managed)

IRI:
https://folio.openlegalstandard.org/R9YUcieLvwqkhpwyuTCZX9g
Preferred Label Passive Business Earnings
Alternative Labels
Investment Business Income Non-Managed Business Earnings Passive Business Income Silent Partner Income

Definition

Income from Business Ventures (Not Actively Managed) refers to earnings derived from business activities in which the owner does not participate in the day-to-day operations or management. This passive business income can come from investments in limited partnerships, silent partnerships, or other business arrangements where the investor's role is primarily financial.

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