Question

fill in the blank question a hybrid structure that combines elements of sole proprietor, partnership, and corporation is known as a limited company. need help? review these concept resources. read about the concept

Explanation:

A limited liability company (LLC) is a hybrid business structure. It combines the pass - through taxation of a sole proprietorship or partnership (where profits and losses pass through to the owners' personal tax returns) with the limited liability protection of a corporation (owners' personal assets are generally protected from the company's debts and liabilities).

Answer:

liability