Unlike a corporation, a master limited partnership is considered to be the aggregate of its partners rather than a separate entity. However, the most distinguishing characteristic of MLPs is that they combine the tax advantages of a partnership with the liquidity of a publicly traded stock. Thus it is not a corporation, But , like a church can be incorporated or not. Being incorporated provides for the limited liability And the incorporation is filed with the State according to its rules. So an LCC it is a partnership, not a corporation.
Accoding to Wikpedia “limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions. LLCs do not need to be organized for profit.[1”
Similarly, many REIT’s are incorporated, but are not corporations.
Definition of : the act of incorporating or the state of being incorporated.
the act of forming a legal corporation.
Hope this is helpful. That was a great question. Ps. I’m not a legal expert,