LLC (and LP)’s are great, when there is any outside capital including debt: all the profits go to you Yours and other people’s money that you used to pay for

LLC (and LP)’s are great, when there is any outside capital including debt: all the profits go to you Yours and other people’s money that you used to pay for things becomes a tax deductions for you the worst thing that will happen is that the world’s most prestigious reporters will report that you “lost” a billion dollars and nobody will be the wiser that your personal balance sheet contains free and clear money and assets