xavier consults with an attorney and some business acquaintances from the chamber of commerce about the management of his llc. he is told that management may take one of two forms, a member-managed llc or a manager-managed llc. in the second form a. a state-appointed receiver manages the firm. b. the managers may be members, nonmembers, or a combination of both. c. the managers must be certified public accountants (cpas). d. members may not participate in management of the llc.