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    Question

    Which of the following is known as a hybrid form of

    business?
    A Corporation Correct Answer Incorrect Answer
    B Limited Liability partnership Correct Answer Incorrect Answer
    C Partnership Correct Answer Incorrect Answer
    D Sole Proprietorship Correct Answer Incorrect Answer

    Solution

    LLP is considered a hybrid form of business structure with the advantages of both the corporate entities and the partnership. It is an alternate business form that combines the benefits of both limited liability of a company and the flexibility of a partnership.

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