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.
Without filing this form, your LLC is classified under the IRSâ âdefault rulesâ. However, if your LLC files this form to be taxed as a Corporation, it cannot change its tax status for less than 60 months. Once it is classified as a Corporation, it can file a Form 2553 to be taxed as an S Corporation.Although the IRS may recognize and classify (for Federal tax purposes) an LLC as a Corporation (by filing Form 8832) or an S Corporation (by filing Form 8832 & 2553), an LLC is not a corporation.arning: An LLC is not a Corporation. Although the IRS may recognize and classify (for Federal tax purposes) an LLC as a Corporation (by filing Form 8832) or an S Corporation (by filing Form 8832 & 2553), an LLC is not a corporation.