If a limited liability company elects to be manager-managed:
A) the owners themselves will manage the day-to-day operations of the company.
B) the governance in the company is like a general partnership.
C) the owners will elect officers to run the company.
D) the power to bind the LLC attaches to its members. If the owners of the LLC decide to function more like a partnership, then they elect to be member-managed, which means that the owners themselves will manage the day-to-day operation of the LLC. Governance in a member-managed LLC is like a general partnership.
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