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24 August, 13:59

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.

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  1. 24 August, 15:02
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    A master limited partnership

    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)
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