Concept:A limited liability company is owned by shareholders, but it is controlled by the board of directors.Explanation:Shareholders elect the board of directors to oversee the company's affairs.The board makes major decisions and sets company policy.The general manager and managing director only handle the daily management under the board's supervision.Tax payers have no role in controlling a private limited liability company.Thus, the real controlling authority is the board of directors.Answer:D. The board of directors