Which of the following is considered a hybrid organizational form?
A) Sole proprietorship
B) Partnership
C) Corporation
D) Limited liability partnership

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) is considered a hybrid organizational form because it combines the benefits of a partnership (pass-through taxation and flexibility in management) with the limited liability protection of a corporation. This means that the partners in the LLP are not personally responsible for the debts and obligations of the business.

Which of the Following Is Considered a Hybrid Organizational Form