{"id":8096,"date":"2016-10-28T19:12:54","date_gmt":"2016-10-28T19:12:54","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/masterybusiness2xngcxmasterspring2016\/?post_type=chapter&#038;p=8096"},"modified":"2019-01-05T01:41:35","modified_gmt":"2019-01-05T01:41:35","slug":"outcome-hybrid-forms","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/chapter\/outcome-hybrid-forms\/","title":{"raw":"Outcome: Hybrid Forms of Ownership","rendered":"Outcome: Hybrid Forms of Ownership"},"content":{"raw":"<h2>What you'll learn to do: discuss the advantages and disadvantages of\u00a0hybrid forms of business ownership<\/h2>\r\nThe concept of \"limited liability\" has given rise to\u00a0hybrid forms of business ownership such as LLCs and LLPs. In this section you'll learn what these forms are and the pros and cons of each.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n \t<li><span style=\"color: #333333;\">Define limited liability company (LLC) as a form of business<\/span><\/li>\r\n \t<li><span style=\"color: #333333;\">Define limited liability partnership (LLP) as a form of business<\/span><\/li>\r\n \t<li><span style=\"color: #333333;\">Discuss the advantages and disadvantages of LLCs<\/span><\/li>\r\n \t<li><span style=\"color: #333333;\">Discuss\u00a0the advantages and disadvantages of LLPs<\/span><\/li>\r\n<\/ul>","rendered":"<h2>What you&#8217;ll learn to do: discuss the advantages and disadvantages of\u00a0hybrid forms of business ownership<\/h2>\n<p>The concept of &#8220;limited liability&#8221; has given rise to\u00a0hybrid forms of business ownership such as LLCs and LLPs. In this section you&#8217;ll learn what these forms are and the pros and cons of each.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li><span style=\"color: #333333;\">Define limited liability company (LLC) as a form of business<\/span><\/li>\n<li><span style=\"color: #333333;\">Define limited liability partnership (LLP) as a form of business<\/span><\/li>\n<li><span style=\"color: #333333;\">Discuss the advantages and disadvantages of LLCs<\/span><\/li>\n<li><span style=\"color: #333333;\">Discuss\u00a0the advantages and disadvantages of LLPs<\/span><\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-8096\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Outcome: Hybrid Forms of Ownership. <strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":26,"menu_order":11,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Outcome: Hybrid Forms of Ownership\",\"author\":\"Linda Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-8096","chapter","type-chapter","status-publish","hentry"],"part":86,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapters\/8096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/wp\/v2\/users\/26"}],"version-history":[{"count":9,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapters\/8096\/revisions"}],"predecessor-version":[{"id":10599,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapters\/8096\/revisions\/10599"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/parts\/86"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapters\/8096\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/wp\/v2\/media?parent=8096"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=8096"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/wp\/v2\/contributor?post=8096"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/wp-json\/wp\/v2\/license?post=8096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}