Question
A special form of business organization that combines advantages of a corporation and a partnership is a
a. franchise.
b. nonprofit corporation.
c. cooperative.
d. limited liability company.
a. franchise.
b. nonprofit corporation.
c. cooperative.
d. limited liability company.
Answers
GPT-4o mini
The correct answer is **d. limited liability company**.
A limited liability company (LLC) provides the benefits of both a corporation and a partnership, including limited liability protection for its owners and flexibility in management and taxation.
A limited liability company (LLC) provides the benefits of both a corporation and a partnership, including limited liability protection for its owners and flexibility in management and taxation.