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.
What you may be referring to is an LLC electing to have the IRS tax the entity as a corporation or as a pass through entity like a partnership, or in the case of a single member LLC, for it to be treated as a disregarded entity. It is a tax status election and not a different kind of entity.