In many ways,a limited liability company can be thought of as a cross between
A)a corporation and a franchise.
B)a joint venture and a partnership.
C)a corporation and a sole proprietorship.
D)a sole proprietorship and a social enterprise.

Question

Quizplus · Accepted Answer

A limited liability company provides the limited liability protection of a corporation while being taxed as a partnership, making it similar to a hybrid of a corporation and a partnership. It is not like a franchise or joint venture, and while it shares some similarities with a sole proprietorship or social enterprise, it is not a direct cross between those entities.

In Many Ways,a Limited Liability Company Can Be Thought of as a Cross