How is Cedar Fair different from a corporation?
Cedar Fair is structured as a Master Limited Partnership (MLP), as opposed to a corporation. MLP’s are businesses that are taxed at the unitholder level and generally not subject to federal or state income tax. Annual income, gains, losses, deductions or credits of the MLP pass through to its unitholders, and are then allocated to each unitholder based on the number of units held and their acquisition date. This information is presented annually to the unitholder on a Schedule K-1.
