Question

A partnership that looks much like a corporation (in that it acts like a corporation and is traded on a stock exchange) but is taxed like a partnership and thus avoids the corporate income tax.

Answer 1

Answer:

A master limited partnership

Explanation:

A master limited partnership are a business venture that exists in the form of a publicly traded limited partnership in the sense that they combine the tax benefits of a private partnership (profits are taxed only when investors receive distributions)  with the liquidity of a publicly-traded company.

MLP are traded publicly on the exchange market.

Hence the best answer that explains the question is Master Limited Partnership (MLP)