Often, the members of a limited liability company will set forth the company's operation and management decisions in an operating agreement. Two different types of limited liability companies are
1. the member - managed LLC and
2. the manager-managed LLC In a member-managed LLC, a specific named manager handles the day-to-day matters of the LLC. In a manager-managed LLC, each and every one of the members handles the day- to - day matters of the LLC
A. True
B. False