Recent studies have shown that the well established Λ c (2595) resonance contains a large meson-baryon component, which can vary depending on the specific formalism. In this work, we examine such a picture by utilizing the compositeness condition and the large number of colors (N c ) expansion. We examine three different models fulfilling two body unitarity in coupled-channels, and adopting renormalization schemes where the mass of the Λ c (2595) resonance is well described, but not necessarily its width, since we do not consider three body channels and work at the isospin symmetric limit. Both approximations might have an effect larger on the width than on the mass. In this context, our studies show that the compositeness of the Λ c (2595) depends on the number of considered coupled channels, and on the particular regularization scheme adopted in the unitary approaches and, therefore, is model dependent. In addition, we perform Unitarized approaches and their extensions, which take into account various important constraints, such as chiral and heavy quark symmetries, or unitarity, provide a useful framework to study coupled-channel effects. In certain cases, the interactions among the coupled channels can be strong enough to generate the so-called dynamically generated states, which are customarily referred to as molecular states as well. It is found that, somehow unexpectedly, not only the exotic states, but also some states long believed to be conventional hadrons, which can be explained by the constituent quark models, turn out to contain large hadron-hadron components. Some of the prominent examples are the axial vector mesons [6][7][8][9] and the low-lying tensor states [8][9][10][11].