The business structure that is a hybrid of two other structures is the Limited Liability Company (LLC). An LLC combines elements of both a corporation and a partnership (or sole proprietorship) by providing limited liability protection for its owners while allowing for pass-through taxation.
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Question
Monica and Chandler are reviewing business structures for their new bagel bakery and have discovered they like some aspects from each of the business structures they have reviewed. Ideally, they would like to use a structure that combines elements from more than one business structure. Which business structure is a hybrid of two other structures?
(1 point)
Responses
Sole proprietorship
Sole proprietorship
Limited liability company
Limited liability company
Partnership
Partnership
Corporation
Corporation
1 answer