In a general partnership, all partners share liabilities and profits equally. In other types of partnerships, profits may be shared in different percentages or some partners may have limited ...

A family limited partnership (FLP) is a legal entity used in estate planning to manage, transfer and protect family assets. Family members can form an FLP, with one or more serving as general ...

Master limited partnerships (MLPs ... The business end of the MLP is operated by the general partner. Distributions from MLPs to unit holders receive favorable tax treatment under the Internal ...