21483281_Forms_of_Organization_Overview__2
[0] Management and Control [1] Managed by directors who appoint officers to run day-to-day operations as specified in bylaws. Some nonprofit corporations have members (similar in function to shareholders) who elect directors. [3] See for-profit corporation. The B Corp designation requires the corporation to incorporate specific socially beneficial performance standards into its governing documents and operating principles, and designate a "benefit director." [4] Flexible structure like a partnership with management responsibilities specified in operating agreement (usually management committee or single manager). [5] See LLC. [6] Partners have equal, full control unless otherwise specified in partnership agreement. [7] Owner has full control. [2] 
Managed by directors that are elected by shareholders. Directors appoint officers to run day-to-day operations as specified in bylaws
Law For Change - New Jersey Forms of Organization Overview
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