No. of Recommendations: 3
Let's see if I can take these one by one:

1) Alliance Resource Partners is mining the coal. Alliance has two kinds of owners: limited partners, who own an economic interest but have no active involvement, and general partners, who own an economic interest and actively manage the business. In a regular C corp coal company, all shareholders have no actve involvement in the company (unless they happen to be directors or members of management).
2) The general partner manages the business day to day. In some cases this is a person. In the case of Alliance (and most/all MLPs) this is a corporation. AHGP is that corporation.
3) AHGP owns the general partner interest in Alliance. In addition, AHGP as a corporation happens to own some ARLP limited partners interests (just like you do).
4) A C corp is the "regular" type of publicly traded company. An MLP differs in that it is a partnership and as such does not pay income taxes. The partners each are responsible for their own proportion of the MLPs taxable income. A C corp is a taxpayer.

Hopefully the above is helpful. You also might want to read up at
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