Answered

The limited liability company can best be described as a hybrid of:

A. corporate and partnership forms.
B. government and sole proprietorship forms.
C. partnership and sole proprietorship forms.
D. sole proprietorship and corporate forms.



Answer :

GinnyAnswer

Final answer:

An LLC is a hybrid form combining partnership and corporation features, offering limited liability and tax benefits.


Explanation:

A Limited Liability Company (LLC) is a hybrid organizational form that combines aspects of partnerships and corporations. It offers limited liability to its members, like corporations, while also providing the flexibility and tax benefits of partnerships. This hybrid structure allows for a blend of partnership advantages, such as avoidance of double taxation, with the limited liability characteristic of corporations.


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