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.

Answer 1

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, offering limited liability protection like a corporation while allowing for pass-through taxation and operational flexibility like a partnership.