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LSDefine

Simple English definitions for legal terms

PTP

Read a random definition: clean room

A quick definition of PTP:

A partnership is when two or more people own and run a business together to make money. There are different types of partnerships, like a general partnership where everyone shares the work and profits equally, or a limited partnership where some people only invest money and don't help run the business. A publicly traded partnership is when people can buy and sell shares of the partnership on a stock exchange.

A more thorough explanation:

Definition: PTP stands for publicly traded partnership, which is a type of partnership that has its interests traded publicly on a securities exchange or over-the-counter. For income-tax purposes, these partnerships are treated as corporations.

Example: An example of a publicly traded partnership is Energy Transfer LP, which is traded on the New York Stock Exchange under the ticker symbol ET. This partnership operates in the energy industry and has its interests traded publicly.

Explanation: The example illustrates the definition of a publicly traded partnership by showing a real-life example of a partnership whose interests are traded publicly. Energy Transfer LP is a publicly traded partnership that operates in the energy industry and has its interests traded on the New York Stock Exchange. As a publicly traded partnership, it is treated as a corporation for income-tax purposes.

PTO Code of Professional Responsibility | puberes

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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