What governance structures are commonly used in corporations and LLCs?

What governance structures are commonly used in corporations and LLCs?

• A. Sole proprietorship governance is typical for both forms.
• B. LLCs use a board of directors and officers; corporations use member-managed or manager-managed structures.
• C. Corporations use a board of directors and officers; LLCs use member-managed or manager-managed structures.
• D. Corporations are run by a committee of shareholders; LLCs are run by a single CEO.

Answer: (C)