A hybrid corporation-partnership similar to a Subchapter S corporation but with far fewer restrictions is called a .

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The description provided is most closely associated with a limited liability company (LLC). An LLC is similar to a Subchapter S corporation in that it offers the benefits of limited liability for its owners while avoiding double taxation. However, LLCs have fewer restrictions and more flexibility in terms of ownership structure and management compared to Subchapter S corporations. Transnational, private, and closely held corporations are not necessarily synonymous with the hybrid structure described.

A Hybrid Corporation-Partnership Similar to a Subchapter S Corporation but with Far