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4 types

-general partnership

-limited partnership

-master limited partnership

-limited liability partnership

Q: How many types of partnership possible?

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4 types

-general partnership

-limited partnership

-master limited partnership

-limited liability partnership

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The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)

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A limited partnership takes place when all partner are limited.

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The maximum income allowed from a limited partnership in an IRA is $1,000 per year. Under the IRA, a limited partnership is entitled a master limited partnership or MLP.

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LP Limited Partnership

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