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

1 answer

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 (limited liability for owners) and a partnership (pass-through taxation).