A master limited partnership MLP)is:

Question

Quizplus · Accepted Answer

A master limited partnership is taxed like a partnership, which means it is not subject to corporate income taxes. This is one of the main benefits of an MLP. Therefore, option C is the best choice. Option A is incorrect because MLPs are traded on stock exchanges. Option B is incorrect because MLPs do not pay corporate income taxes. Option D is incorrect because MLPs are not a corporate form, but rather a special type of partnership.

A Master Limited Partnership MLP)is