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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The limited liability company (LLC) has a management team whose members share in the overall control of the business. This is because an LLC is a hybrid entity that combines the liability protection of a corporation with the tax benefits of a partnership. The members of an LLC can be actively involved in managing the business and have a say in decision-making. Charitable organizations and religious organizations may have a board of directors, but these directors typically do not share in the control of the organization in the same way as members of an LLC. Sole proprietorships do not have a management team beyond the owner.

Which of the Following Organizational Forms Has in Place a Management