Ace The Introductory Business Law CLEP 2025 – Smash Your Way to Success!

Question: 1 / 400

What type of organization does not have officers or directors?

Corporation

Partnership

Sole Proprietorship

A sole proprietorship is the only type of organization that does not have officers or directors.

While corporations have a board of directors who are elected to manage the business and officers who carry out their directives, partnerships have both general and limited partners who act as directors and officers respectively.

In a limited liability company, there are managers who oversee the business and members who have ownership and decision-making power.

In contrast, a sole proprietorship is solely owned and managed by an individual without the need for officers or directors.

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Limited Liability Company

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