I am forming an LLC for a rental business and am not sure about member managed vs manager managed for tax reasons. Are they both treated as pass through taxation? This will also serve as a record for the time served on any consulting project and could be used to provide to the client as an invoice as well. Download this Consultant Timesheet Template that’s designed to account for time that a consultant would spend on any project that requires a consultant and/or contractor. This timesheet will account for the hours that are spent with or without the client present. The majority of our readers are forming LLCs with 1 to 3 Members, and most of them choose to have their LLCs be Member-Managed. This is the simplest and easier route to choose. given your growth), think about what that entails: New bank accounts, payroll, contracts with insurance companies, renego with your landlord, etc, etc, etc. Furthermore, assuming you can dissolve cleanly (i.e. I like that the interface is mobile-friendly and gives you the option of saving and resuming your work later. Also, the final document is clean and well arranged.