A hybrid form of business organization with certain features like a corporation is a(n)
A) limited liability partnership.
B) limited liability company.
C) "S" corporation.
D) sub-chapter "S" corporation.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is a hybrid form of business organization that combines certain features of a corporation, such as limited liability protection for its owners, with the tax benefits of a partnership or sole proprietorship. The other options listed either do not have the same features as a corporation or are simply variations of the same concept.

A Hybrid Form of Business Organization with Certain Features Like