A ________ is allowed to raise money by selling units of ownership to the general public in the same way corporations sell shares of stock to the public.
A) master limited partnership
B) general partnership
C) sole proprietorship
D) unlimited proprietorship
E) limited liability partnership

Question

Quizplus · Accepted Answer

A) A master limited partnership (MLP) is allowed to raise money by selling units of ownership to the general public in the same way corporations sell shares of stock to the public. This gives MLPs the fundraising capabilities of corporations without the double-taxation disadvantage.

A ________ Is Allowed to Raise Money by Selling Units