Sole proprietorships, partnerships and corporations are the three main forms of business organization.There are other types which are referred to as hybrids.Examples of hybrid business forms are:
A)10K & 14B Corporations
B)Section 8 and Subchapter S Corporations
C)Subchapter S and LLCs
D)10K Corporations and LLCs

Question

Quizplus · Accepted Answer

Subchapter S corporations and LLCs are both hybrid forms of business organization that offer the benefits of both a partnership and a corporation. They provide limited liability protection to their owners while still allowing for pass-through taxation like a partnership. Which one is the best choice would depend on the specific needs and goals of the business.

Sole Proprietorships, Partnerships and Corporations Are the Three Main Forms