Partners’ Capital

Ownership interest of different classes of partners in the publicly listed limited partnership or master limited partnership. Partners include general, limited and preferred partners. Limited liability partnerships (LLPs) are formed in accordance with the laws of the state in which such entities are organized. Because those laws are not uniform, the characteristics of LPCs vary from state to state. However, LLPs generally have the following characteristics: An LLP is an unincorporated association of two or more "persons"; Its members have limited personal liability for the obligations or debts of the entity; It is classified as a partnership for federal income tax purposes.

• General Partners’ Capital Account
• Limited Partners’ Capital Account
• Other Ownership Interests, Capital Account
• Other Partners’ Capital
• Partners’ Capital Allocated for Income Tax and Other Withdrawals
• Partners’ Capital Deferred Compensation
• Preferred Units, Preferred Partners’ Capital Accounts