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.
Because the LLC is an entity created by state statute (and not the federal government), it offers flexibility when it comes to federal tax treatment. A single-member LLC can choose to be taxed as a sole proprietorship or a corporation (either C Corporation or S Corporation).Likewise, a multi-member LLC can choose to be taxed as a partnership or a corporation (either C Corporation or S Corporation).. For federal tax purposes, if an LLC has two or more members, it will be taxed as a partnership unless it makes an election to be taxed as an S Corp or C Corp (see below). In the case of a multi-member LLC taxed as a partnership, the LLC reports its business income on a separate 1065 partnership tax return.