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Lane
Lane, CFP, MBA, CRPS
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Experience:  Providing Financial & Tax advice since 1986
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Do all Master Limited Partnerships have to be Publicly Traded

Resolved Question:

Do all Master Limited Partnerships have to be Publicly Traded Entities or can you set on up the is not.
Submitted: 10 months ago.
Category: Tax
Expert:  Lane replied 10 months ago.

Lane :

Yes, that's actually part of what makes it an MLP (it's definitional): Master limited partnership (MLP) is aLIMITED PARTNERSHIP that is publicly traded on a SECURITIES EXCHANGE

Lane :

MLPs are limited by US Code to only apply to enterprises that engage in certain businesses, mostly pertaining to the use of natural resources, such as petroleum and natural gas extraction and transportation. To qualify for MLP status, a partnership must generate at least 90 percent of its income from what the Internal Revenue Service (IRS) deems "qualifying" sources. For many MLPs, these include all manner of activities related to the production, processing or transportation of oil, natural gas and coal ... SEE: Master Limited Partnerships and Taxation InvestingDaily.com, April 1, 2010.

Lane :

The trade association for MLP's is called ...


National Association of Publicly Traded Partnerships

Lane :

You can certainly set up a Limited Partnership under (Reg D, rule 504) that's exempt from registration, if you follow certain guidelines (no more than 35 investors, etc)

Lane :

Hope this helps

Lane :

Lane

Lane :

I still don't see you coming into the chat session, so I'll move us to the "Q&A" mode. … Maybe that will help … (We can still continue a dialogue there, just not in real-time chat, as we can here)


Please let me know if you have any questions as all ...


Lane

Lane, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 3702
Experience: Providing Financial & Tax advice since 1986
Lane and 7 other Tax Specialists are ready to help you
Expert:  Lane replied 10 months ago.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information.

What happens now?

If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Expert:  Lane replied 10 months ago.

Hi Deenie,

... just checking back in here, as I never saw you come into the chat.

Again, let me know if you have questions...

Lane

Expert:  Lane replied 10 months ago.

Thanks much,

I'm ABOUT to figure out all your names here :)

... just love Customer

Thanks again,
Lane

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