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 (providing limited liability protection) and a partnership (allowing for pass-through taxation and flexible management).
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?
Iten
Iten
(1 point)
Iterr
○ Sole proprietorship
Iterr
○ Limited liability company
Itemr
Partnership
○ Corporation
1 answer