Understanding Master Limited Partnerships

In the United States there are a number of different legal entity types that a business can take, and a master limited partnership is one such identity. A Master Limited Partnership is a form of partnership that is publicly traded, and that enjoys both the liquidity associated with publicly traded securities and the benefits of having limited liability.

Master limited partnerships have many tax benefits. Companies get their income from several sources such as oil and gas refining, mining or extraction, or exploration, or the production of an alternative fuel such as biodiesel. They generate at least 90 percent of their revenues from such a qualifying source, and then they will qualify for ‘master’ status and those benefits. Master Limited Partnerships are expected to pay their investors every three months in a ‘required distribution,’ with other optional payments as well. The amount that the partnership is required to pay out will depend on the amount stated in the contract that is made between the investors and the managers. There is usually some incentive to maximize the amount distributed – either through organic growth or by pursuing acquisitions that can add income.

MLPS

Usually, the general partners in an MLP will start with a relatively small stake (around two percent is not unusual) and then be given distributions from net income, in addition to the required quarterly distribution.

An MLP is unique in that it has not just the traditional governance committee, but also a conflicts committee which is made up of at least two independent directors. This committee will review any specific matters that have been authorized by the board of directors, to ensure that there is no conflict of interest. The general partner should assess committee members to make sure that they are sufficiently independent of the parent company.

MLPs & Taxes

MLPs do not pay tax using the regular corporation model. Rather, they are a pass-through entity for income tax purposes, and they can be used to reduce tax in several ways – for example, limited partners can pro rata some of the MLP’s depreciation onto their own tax forms, to help them reduce liability.

Before you set up or join an MLP, it is a good idea to seek professional financial advice. The tax implications associated with master limited partnerships can be quite complicated, and if you get things wrong you could face hefty fines. There are many appealing things about buying into an MLP, but there are areas where you could end up generating liability for unrelated business income tax.

There are many successful MLPs. The first one formed was Apache Petroleum Company, and since then the organization structure has become popular with many industries – including hotels, restaurants, real estate and even sports and entertainment. The MLP structure could be perfect for your business, or it could be one that is full of pitfalls. You never know until you truly investigate it.

Specialty Signs Made By NY Sign Companies

What is the first type of sign that you imagine when you think about a sign company? Depending on what kind of work you do, what kind of television shows you watch, etc., you might think of a storefront sign, a decorative sign that could be used for interior design, or a traffic sign like a speed limit or stop sign. Specialty signs are responsible for a variety of different signs. Below, we will discuss some of the different types of signs that these companies are involved in creating.

Storefront Signs

If you are a business owner, when you thought of a NY sign company, you might have though about a storefront sign. There are actually two different kinds of storefront signs, and they serve very important roles for the souvenir shops in Times Square, the clothing shops in SOHO, and the coffee shops throughout the city. The first type of storefront sign is the sign that displays the name of the store, shop, or restaurant. These signs are extremely important because they inform people passing by about the name of the business.
signsWhether people are looking for a specific store to visit or they want to know the name of the coffee shop to tell a friend about, these signs are valuable in providing basic information to the residents and visitors of New York. The second type of store front sign is the signs that you see displayed in windows. These signs typically have more of a design quality than the name displays. These signs are designed to grab the attention of people passing by through the use of colors and typography. Window displays are typically there to promote a sale or special that the store is having. If created correctly, they will grab the attention of people passing by and get them to enter the store.

Decorative Signs

Decorative signs are a fairly new phenomenon, but they seem to be popping up everywhere as of late. Originally, decorative signs were used by a lot of younger people and college students to decorate their rooms. Now, a lot of interior designers are using signs to add a little bit of personality to a home. In the show, Fixer Upper on HGTV, Joanna Gains uses custom made signs to make her spaces a lot more unique for each of the families. She typically uses a special quotation or phrase that is important to each family in the signs she has made.

Traffic Signs

There are a large variety of traffic signs that NY sign companies can make. Speed limit signs, stop signs, exit signs, direction signs.  These signs are not as exciting as the decorative signs used to spice up a room, but they are extremely important in aiding the traffic flow through New York. I know you are probably thinking – “The traffic doesn’t exactly flow in New York,” but can you imagine what it would be like without traffic signs?

What Is Intellectual Property – IP Laws

If you purchase something from a store such as a box of paper, or a brand new pair of sneakers, after you have paid the cashier and received the receipt, you are the legal owner of that property.  If someone were to walk up to you in the parking lot and take that new purchase from you, that would be considered stealing and against the law.  There is very little confusion in this country when it pertains these laws.  What most people fail to realize and understand are that ideas are your property as well, and anything you make or create with your God-given talents belong solely to you.  IP laws, or intellectual property laws protect you against theft of your inventions or ideas.  If someone steals that information from you and uses it for a financial gain, you have the right to object to this thievery and re-claim ownership.  Intellectual property lawyers protect you in these instances and help you exercise your legal rights.

protecting ideas and inventionsAs a student in school you were likely disappointed when you completed a math equation and were able to find the correct answer, yet your teacher wanted to check your work.  There was reasoning behind this behavior by our teachers.  Our teachers were looking to see how you were able to develop and create the answers through your formulas.  The same holds true with intellectual property.  If someone takes your ideas or inventions and claims them as their own, they should also have to prove how the idea was developed and the steps taken to achieve the end product, or in many cases, an idea or invention.

You Have The Right To Protect Your Creative Ideas

Just to be clear, your inventions and ideas, or your IP, becomes protected once you take the legal steps to protect them.  You must establish your rights through patents, trademarks, service marks, copyrights, or other legal procedures in or to protect them and claim them as your own.  You cannot state you were responsible for the invention of the Hover Board because when you watched Back to the Future 25 years ago you built the prototype in your head. It must be written down and submitted through the proper legal channels.

The Internet is rampant with ideas, products and services being offered by individuals, businesses, and all other forms of partnerships. Here we have an example of a golf training aid by The ProZone. From the research completed, and the information on the website, this product is patent pending, and the owners have filed the necessary paperwork in order to claim this idea as their own.  Here is a video from one of the owners who explains how the creative process took place, and the steps taken to create this golf training device.  The video goes on to explain that there were over 50 variations of the prototype created prior to selling the first one to the public.

As the owner of this product explains, this process was done over a lengthy period of time, and a considerable amount of work was put into make this the successful product it is today. If we were to take that exact same product and create it identically, we would violate intellectual property laws because the proper process was followed.

If you have an idea or invention that you believe needs to be protected, you should contact a intellectual property attorney begin the paperwork process today.

Family School Community Partnerships

It may be hard to believe that wireless cell tower company could help fund a church, a school, or even a community. Receiving rents or royalties from a wireless cell tower can be extremely rewarding and provide a great deal of financial liquidity to an organization. One of the partnerships that we discovered through our research was with a church in Rochester New York, and a wireless cell tower company in the heart of Manhattan.

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Whether you realize it or not, cell towers provided a tremendous amount of value to you and the way you communicate with the world around you. These structures wirelessly allow us to communicate across the globe. The better the reception for you and I on our phones, the more satisfied we are with our current wireless providers. The cellular companies are looking to provide the clearest signal to all of its customers. This means putting a wireless cell tower in different locations around the country. In New York, it was the South Presbyterian Church in Rochester, that was the beneficiary of this giant piece of steel.

The church had agreed years earlier, to take monthly payments for the use of their property. While the church was happy to be receiving a specific amount of money each every month, there were bills that were mounting, and operating expenses for the church that needed to be addressed immediately. The church works with Unison Wireless, a cellular tower company out of New York City to create cash flow with a. The church took a lump sum payment for the remaining payments on the lease and invested the lump sum as an insurance policy. The church used a portion of the money to handle expenses immediately and put the remaining cash into an investment vehicle. The church was able to pay expenses while at the same time provide a tremendous amount of peace of mind for the future. This would be referred to as a cell tower lease buyout, and it is extremely effective in helping families, schools, and other communities to help alleviate financial stress.