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.
If an independent contractor decides to form an LLC, the owner can elect to treat the company as a sole proprietorship or a corporation for tax purposes. A corporation is a separate tax-paying entity and is typically required to obtain a federal tax ID number.