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A and B LIMITED PARTNERSHIP,

A and B LIMITED PARTNERSHIP, 2025

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The document is a decision from the Board of Contract Appeals regarding a dispute between A&B Limited Partnership and the General Services Administration (GSA) over repair costs for damages caused by the government to a leased building after the lease expired. A&B claimed $240,900 for repairs beyond normal wear and tear, while GSA initially offered only $16,032. The Board found that GSA was obligated to pay for the repairs as stipulated in their lease agreement and granted A&B's appeal, ordering GSA to pay the claimed amount minus what had already been paid.

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Is AB a master limited partnership?

AllianceBernstein Holding L.P. is a master limited partnership.

What is considered a limited partnership?

A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts.

What is an example of a limited partnership?

Some examples of business ventures that commonly use the limited partnership structure include: Shopping malls, apartment complexes and other real estate businesses: With the limited partnership structure, businesses in the real estate industry can provide passive income from rent to the limited partners.

What is AB holding?

AllianceBernstein Holding LP (AB Holding), a subsidiary of Equitable Holdings Inc, is a provider of research, investment services, and wealth management services. Its portfolio of offerings comprises research related to fixed income, fundamental equity, economic, and quantitative.

Is AB a limited partnership?

LP: the limited partner is an investor who is not actively involved in the management of the fund and does not make strategic decisions about the funds investments. GP: The person or company that manages a venture capital or private equity fund.

What is the difference between a GP and an LP?

Profit Distributions: Class A members often receive a preferred return on profits, while Class B members may only share residual earnings. Management Roles: Class A members typically participate in decision-making, while Class B members act as silent partners or passive investors.

What is the difference between a limited partnership and an LLC?

AllianceBernstein Holding (NYSE: AB) is a publicly traded limited partnership, and it does not pay the typical 21% federal corporate income tax rate on its profits.

A and B LIMITED PARTNERSHIP, 2025

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