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A partnership that looks much like a corporation (in that it acts like a corporation and is traded on a stock exchange) but is taxed like a partnership and thus avoids the corporate income tax.

User MarGa
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1 Answer

1 vote

Answer:

A master limited partnership

Step-by-step explanation:

A master limited partnership are a business venture that exists in the form of a publicly traded limited partnership in the sense that they combine the tax benefits of a private partnership (profits are taxed only when investors receive distributions) with the liquidity of a publicly-traded company.

MLP are traded publicly on the exchange market.

Hence the best answer that explains the question is Master Limited Partnership (MLP)

User Mariel
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