My team currently has 9 people in it and we design and build web applications. As the team manager(lead) my current duties include prioritizing projects, maintaining level of effort hours for projects deadlines and client relations. I have also done budget management and workload balancing and scheduling.
1 The LLC may apply for recognition of exemption under Internal Revenue Code 501(c)(3) by filing Form 1023. 2  See IRS Website. 3  The LLC may be a disregarded entity for federal income tax purposes and take on the tax characteristics of its sole member, a 501(c)(3) organization.
Self-Employment. Another important tax difference between corporations and LLCs is that LLC members are potentially liable for self-employment tax. If the LLC is taxed as a sole proprietorship and the member reports income from the business on 1040 Schedule C or F, she is liable for income tax on business income.