A perfectexample isthe companyGeneral Motors.The typical General Motors Organizational structure was a hierarchy with senior managers or vice presidents, executives, or chairmen at the top. Followed by managers and finally by employees. Jobs were usually divided into departments. This company had a complex corporate structure thatdivides the liabilities and obligations of the companies from the liability of the owners. The business designation has some of the advantages and disadvantages as follows:

The benefits are that the company has structures such as Chapter C and Chapter S that can pass income and losses onto its shareholders to ensure that federal taxes are not paid. The owners of a corporation are only liable to the extent of their contributions, thereby shielding them from any additional liability that may protect their personal properties.

The disadvantages are that the corporation has unfavorable taxation rules for the owners of the business. The management team of a corporation will run the business unregulated by its owners if many investors have no strong majority interest.

Based on the reading above, why are corporations and hybrid organizations considered "creatures of statute"? What is necessary to build a corporate business structure and how does the corporate business structure differ from hybrid business structures? The text should be helpful when replying