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Why are limited liability companies known as a hybrid form of business organization? Because they combine the limited liability of corporations with the tax treatment
Why are limited liability companies known as a "hybrid" form of business organization?
Because they combine the limited liability of corporations with the tax treatment of a sole proprietorship or general partnership
Because liability within an LLC is shared between the company and its members
Because an LLC can choose to pay both corporate income taxes and personal income taxes if it wishes
Because they are most often used when two businesses wish to join together and create a new, single business
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