What is the approximate percentage of investor owned hospitals in the US healthcare system? A. 5% B. 15% C. 60% D. 30% Reset Selection templates for charters and bylaws, so they can set up a "no-frills" corporation with modest effort. In addition, several companics officr online services that. help with the incorporation process. Still, setting up a corporation remains relatively difficult compared with a proprictonship or partnership, and it is even more difficult if the corporation has nonstandard features, such as multiple classes of stock. Hybrid Forms of Organization Although the three basic forms of organization-proprictorship, partmership, and corporation-historically have dominated the business secne, several hybrid forms of organization have become quite popular in recent years. In general, the hybrid forms are designed to limit owners' liability without having to fully incorporate. For example, in a limited liability part- limited tiability nership (LLP), the partners have joint liabulity for all actions of the partner- partnership (LL ship, including personal injuries and indebtedness. However, all partners Apartnership fo ofganization enjoy limited liability regarding professional malpeactice because partners that limits the are only liable for their own individual malpractice actions, not those of the professional other partners. In spite of limited malpractice liability, the partners are joindy ( (malpractice) liable for the partnership's debts. Other hybrid forms of organization include partners. limited liability companies (LLCs), professional comorations (PCs), and professional associations (PAs). 1. What are the three primary forms of busincss organization, and how do they differ? 2. What is the purpose of hybrid forms of business organization? Corporate Ownership In the previous section, we discussed the different legal forms of businesses. Now, we turn our attention to the two ownenhip forms of corporations: for-profit and not-for-profit. Unlike other secton in the economy, notfor-profit corporations play a major role in the healtheare sector, especially among providers. For example, about 56 percent of the community bospitals in the United States are private, not-for-profit hospitals. Only 25 percent of all community hospitals are investor owned; the remaining 19 percent are gowernment hospitals, 4 Furthermore, not-for-profit ownership is common in the nursing home, home health care, hospice, and health insurance industries