The partner who assumes liability without sharing in profit of the business?

The partner who assumes liability without sharing in the profit of the business is typically referred to as a "silent partner" or "limited partner." This individual invests capital in the business and is responsible for debts and obligations, but does not participate in day-to-day operations or decision-making. Their role is primarily financial, providing support without seeking a share of the profits. This arrangement is common in limited partnerships, where limited partners have restricted liability based on their investment.