Replies to post #4696 on Breitburn Energy Partners LP fka BBEPQ

[goodietime]

Multi Level Partnership

That is why the commons here (Unit Holders) have to pay tax on 'profits' THEY never received, and have the possibility of CODI,(being taxed on money the new company actually benefits from.)
At least that is the way I understand it.

If anyone is more informed, hopefully they will chime in.