{"id":35259,"date":"2024-04-15T09:42:35","date_gmt":"2024-04-15T09:42:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=35259"},"modified":"2024-04-15T09:42:35","modified_gmt":"2024-04-15T09:42:35","slug":"which-of-the-following-type-of-organization-is-called-hybrid-organization","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-type-of-organization-is-called-hybrid-organization\/","title":{"rendered":"Which of the following type of organization is called hybrid organization?"},"content":{"rendered":"

[amp_mcq option1=”Limited Liability Partnership” option2=”General Partnership Organization” option3=”Nidhi companies” option4=”Public Limited Company” correct=”option1″]<\/p>\n

The correct answer is: A. Limited Liability Partnership (LLP).<\/p>\n

A hybrid organization is a business structure that combines the features of two or more other business structures. In the case of an LLP, it combines the features of a partnership and a corporation.<\/p>\n

Like a partnership, an LLP is a pass-through entity, which means that the profits and losses of the business are passed through to the individual partners, who then report them on their personal tax returns. This can be a significant tax advantage for businesses that are profitable.<\/p>\n

Like a corporation, an LLP offers limited liability protection for its partners. This means that the personal assets of the partners are not at risk in the event that the business is sued or goes bankrupt.<\/p>\n

Nidhi companies and public limited companies are not hybrid organizations. Nidhi companies are a type of non-banking financial company that is regulated by the Reserve Bank of India. Public limited companies are companies that are listed on a stock exchange and have a large number of shareholders.<\/p>\n

Here is a brief explanation of each option:<\/p>\n