The ________ is a form of business organization that is rapidly gaining popularity in the United States. The concept originated in Germany and was first introduced in the United States in the state of Wyoming.
A) limited partnership
B) general partnership
C) limited liability company
D) subchapter S corporation
E) C corporation

Question

Quizplus · Accepted Answer

The limited liability company (LLC) is the business organization that originated in Germany and was first introduced in the United States in the state of Wyoming. It is a hybrid structure that combines the liability protection of a corporation with the tax benefits of a partnership. It has become very popular in the United States due to its flexibility and simplicity of structure.

The ________ Is a Form of Business Organization That Is