This thesis addresses the issue of a silent partnership, as a specific form of personal company governed by the Croatian Companies Act. To that end, thesis provides, first of all, legal fundaments of a silent partnership, its legal concept, purpose and the characteristics which distinguish it from other partnerships and companies of personal types. Given the different economic purposes for which a silent partnership can serve, the work further looks at the characteristics of a typical and atypical silent partnerships. Differences with regard to civil partnership are also dealt with, but also towards other contracts in which the parties have reciprocal obligations. Particular consideration is given to how a silent partnership arises, what are the legal relationships between the members of a silent partnership and how the silent partnership ceases to exist. The last chapter deals with examples of abuses of silent partnerships.