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.
As with the single-member LLC, self-employment taxes only need to be paid if the LLC engages in an active trade or business. LLC as a C corporation. An LLC can elect to be treated as a corporation for tax purposes by filing Form 8832 with the IRS.In this case, the LLC files a corporate tax return 1120. And the LLC profits are not subject to self-employment taxes.his is whatâs typically called pass-through taxation, as the LLC does not need to file any tax forms. You will only need to pay self-employment taxes if you are engaged in an active trade or business; for example, if you provide a service to clients or sell a product.