master limited partnership

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Master limited partnership (MLP)

Master Limited Partnership

A limited partnership with ownership units that may be traded on an exchange. A limited partnership consists of a general partner, who manages the venture, and limited partners, who simply provide capital. A master limited partnership allows limited partners to buy and sell units of the venture as if they were shares in a publicly-traded company. Limited partners often receive cash distributions, which are similar to dividends, on a regular basis. This business form combines the tax advantages of a partnership, which does not pay tax on its profit, with the liquidity of a publicly-traded company. It is also called a publicly traded partnership.

master limited partnership (MLP)

A limited partnership that provides an investor with a direct interest in a group of assets (generally, oil and gas properties). Master limited partnership units trade publicly like stock and thus provide the investor significantly more liquidity than ordinary limited partnerships. See also roll-up.
References in periodicals archive ?
An S corporation that wants to earn investment type income without increasing its PII should consider investing in publicly traded partnerships that generate active trade or business income.
Randall Fowler, president and chief executive officer of Duncan Energy's general partner, is scheduled to present at the annual National Association of Publicly Traded Partnerships Annual MLP Investor Conference on Thursday, May 13, at 9:00 a.
351(e) is determined by taking into account all stock and securities, including (among other items) cash, stock and other equity interests in a corporation; evidences of debt; options; forward or futures contracts; notional principal contracts; derivatives; interests in any precious metals; foreign currency; and interests in publicly traded partnerships (as defined in Sec.
Bachmann, president and chief executive officer of Duncan Energy Partners, is scheduled to present at the annual National Association of Publicly Traded Partnerships Conference on Wednesday, September 16, at 1:45 p.
351(e) definition of which assets must be considered in determining whether a corporation would be an investment company to include: stocks and securities, money, financial instruments, foreign currency, interests in real estate investment trusts, regulated investment companies, common trust funds and publicly traded partnerships, certain interests in precious metals and entities that hold such items, and any other assets specified in regulations.
Hammond also serves on the board of directors of the National Association of Publicly Traded Partnerships.
21, 1997, the Ninth Circuit affirmed the Tax Court's decision that a charitable remainder unitrust's (CRUT's) receipt of unrelated business taxable income (UBTI) from three publicly traded partnerships caused it to be taxable on all of its income for that year (Leila G.
NEW YORK -- Alerian Capital Management LLC announced today that, in conjunction with Standard & Poor's and the Coalition of Publicly Traded Partnerships, it has launched the Alerian MLP Index (NYSE: AMZ), an innovative and powerful tool for MLP investors.
512(c)(1)'s general rule by requiring all income and deductions from publicly traded partnerships to be included in an exempt organization's UBTI.
The conference is being sponsored by the Coalition of Publicly Traded Partnerships, A.
Note: The new proposals do not affect publicly traded partnerships.
Conference for the Coalition of Publicly Traded Partnerships