Family Office Definition: Master Limited Partnership
Master Limited Partnership definition: A master limited partnership benefits from the favorable tax treatment of limited partnerships, as well as the liquidity of publicly traded securities. A limited partner investor provides capital and receives income from cashflows but is not involved with management decisions. A general partner manages the business operations and receives a fee based on performance. To qualify as a master limited partnership, the business must be primarily involved with real estate, commodities, or natural resources.
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