Which of the following organizations is equally managed by the members unless a manager is designated?
A) l partnership
B) corporation
C) limited liability company
D) sole proprietorship
E) S corporation

Question

Quizplus · Accepted Answer

Limited liability companies (LLCs) are equally managed by the members unless a manager is designated. The owners of LLCs are called members rather than shareholders or partners.

Which of the Following Organizations Is Equally Managed by the Members