A ________ is a limited partnership with liquid investment, and whose limited partnership interests are traded on organized securities exchanges such as the New York Stock Exchange.

Question

Quizplus · Accepted Answer

The definition given in the question matches with the characteristics of a master limited partnership (MLP). MLPs are publicly traded partnerships that have features of both a partnership and a corporation. The limited partnership interests in MLPs are traded on organized securities exchanges such as NYSE, making them a liquid investment. The other options, such as limited liability limited partnership (A), sole proprietorship (B), and foreign limited partnership (C), do not fit the given definition.

A ________ Is a Limited Partnership with Liquid Investment, and Whose