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LSDefine

Simple English definitions for legal terms

master limited partnership

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A quick definition of master limited partnership:

A master limited partnership is a type of business where some people invest money and others run the business. The people who invest money are called limited partners and they can only lose the amount of money they put in. The people who run the business are called general partners and they are responsible for the debts of the business. Sometimes, the interests or shares of a master limited partnership are publicly traded, which means people can buy and sell them like stocks.

A more thorough explanation:

A master limited partnership is a type of partnership where the interests or shares are publicly traded. It is a limited partnership that allows investors to buy and sell shares in the partnership on a public exchange. This type of partnership is commonly used in the energy and natural resources industries.

For example, a company that owns oil and gas pipelines may form a master limited partnership to raise capital by selling shares to the public. Investors can buy and sell these shares on a stock exchange, just like they would with stocks in a corporation.

Master limited partnerships offer tax advantages to investors, as they are not subject to corporate income tax. Instead, the partnership's income is passed through to the individual investors, who pay taxes on their share of the income.

master lease | master of a ship

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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