A sleeping partner is an investor who provides capital but does not manage a business. Learn about the legal structures, responsibilities, advantages, and disadvantages of being a sleeping partner in different industries. A designated partner is an important position in an LLP. Can a designated partner be a sleeping partner? Learn to know more. A designated partner is assigned as a director of the company but with additional rights and privileges. The designated partners should receive a designated partner identification number (DPIN). In the process of registration, the documents should indicate at least two individuals as designated partners. In case there is any shortage of any documents, the partner name ... A partner in a business who does not play an active role, esp one who supplies capital Also:.... Click for English pronunciations, examples sentences, video. Sleeping partner Get the answer to the NYT Spelling Bee clue “ Sleeping partner ”, starting with the letters be. Click below to uncover the answer.