Which of the following organizational forms has in place a management team whose members share in the overall control of the business?

Question

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Limited Liability Company (LLC) has in place a management team whose members share in the overall control of the business. LLCs provide flexibility in management structures, where owners (known as members) can choose to manage the business themselves or hire a management team to run the day-to-day operations. The management team can consist of members or non-members, and they can have an active role in controlling and managing the company's affairs. Charity organizations, sole proprietorships, and religious organizations typically do not have a shared management team structure.

Which of the Following Organizational Forms Has in Place a Management