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.
Instead of being taxed under Subchapter C and considered a regular C corporation, the LLC can be taxed as a small business corporation, or S corporation. This federal tax election allows a regular corporation to be taxed as a partnership. Hence, a single-member LLC that could not elect to be taxed as a partnership could elect to be taxed as a corporation and make the Subchapter S election on IRS Form 2553, Election by a Small Business Corporation.