Teams can only be created by the Organization Administrator, however a Team Owner can manage their team.
Only a Team Owner (previously known as Team Admin) can:
- Add and Remove users from the team (not the Organization)
- Modify a team member's role/permissions (not at the Organization level)
- Create and Manage Folders
- Create an Inventory
- Grant access to any Project
Teams cannot be deleted, you can however re-name the Team.