This quote itself gives an insight that the Partner in the company can held a Partnership if he brings in some investment. The investment can also be in sake of name, i.e. goodwill.
Also, a Partner with no work is like a fish without flesh. To make the business profitable and competing in the market, there is no discount in the hard work that needs to put in by every promoter or partner. However, there is a possibility where the partner is added for sake of name and the majority decision and management work is to be done by other active partners.
Although with no work, the partner/ Shareholder will be liable up to the amount of investment he /she has made in the company.
A shareholder can become a non-executive director i.e. the director who is not involved in day to day activities of the company. Mainly the Non-executive directors work in the interest of the stakeholders. Mostly they are involved into the key areas of the company like providing expertise knowledge, defining and drafting of company’s policy, decision making etc.
In any way one must need to work for the company whether directly or indirectly.