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.
That is, any profits the LLC earns are only taxed to the members, not first to the LLC and then to the members. Note though, that an LLC must file its own tax return in order to show its yearly profits and losses. Interesting issues arise when a charity-owned LLC has only a single member. First, by default, such LLC is treated as a âdisregarded entityâ for tax purposes, meaning that it is tax exempt because its sole member is tax exempt. Additionally, the disregarded entity is not required to file a tax return.