Sole proprietorships, partnerships, and corporations are the three main forms of business organization. There are other types which are referred to as hybrids. Examples of hybrid business forms are _____.

Question

Quizplus · Accepted Answer

Subchapter S and LLCs are considered hybrid business forms. They combine characteristics of both partnerships and corporations, providing limited liability for the owners while allowing for pass-through taxation. Choices A and D are not valid types of business organization, and choice B references two distinct types rather than a hybrid form.

Sole Proprietorships, Partnerships, and Corporations Are the Three Main Forms