Which of the following forms of organisation blends elements of partnerships and corporations?
A)managing partnerships
B)sole proprietorships
C)limited liability companies
D)general partnerships

Question

Quizplus · Accepted Answer

Limited liability companies (LLCs) blend elements of partnerships and corporations by providing limited liability protection to its owners (like a corporation) while also allowing for flexible management and pass-through taxation (like a partnership).

Which of the Following Forms of Organisation Blends Elements of Partnerships