A ___ is a hybrid business form combining advantages of the sole proprietorship, partnership, and corporation.

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A limited liability corporation (LLC) is a hybrid business form that combines the advantages of a sole proprietorship, partnership, and corporation. Like a sole proprietorship or partnership, an LLC has pass-through taxation, where profits and losses pass through to the owners' personal tax returns. However, like a corporation, an LLC provides limited liability protection, meaning that owners are not personally responsible for the company's debts and lawsuits.

A ___ Is a Hybrid Business Form Combining Advantages of the Sole