Which of the following is considered a hybrid organisational form?
A) sole trader
B) partnership
C) company
D) limited liability partnership

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) is a hybrid organisational form because it combines elements of a partnership and a company. Like a company, an LLP offers limited liability to its partners, but like a partnership, it allows for flow-through taxation and flexible management. Sole trader and partnership are considered as traditional organisational forms, while a company is a separate legal entity.

Which of the Following Is Considered a Hybrid Organisational Form