The exemptions that are enabling more firms to become MLPs, BDCs or REITs depend on lobbying.

允许众多企业变成业主有限责任合伙企业，商业企业以及不动产投资信托企业的赦免权靠游说才能得以实现。

MLPs do not pay corporate taxes so long as profits are passed on to investors each year.

只要业主有限责任合伙企业每年都与投资者进行利润分红，那么他们就不需要付企业税。

And you're asking about some MLP?

今天居然跑来问MLP？

The “master limited partnership” (MLP) combines the limited liability of a corporation, the tax advantages of a partnership and the governance of a private firm.

业主有限责任合伙企业将一个企业的有限债务责任，合伙人的税务优势以及私营企业的管理优势结合在了一起。