The tax advantages are mostly gone. If you form an llc you get some legal protection if someone were to sue you. You probably think this is no big deal and if y

The tax advantages are mostly gone. If you form an llc you get some legal protection if someone were to sue you. You probably think this is no big deal and if you own nothing it isn't. The problem happens when you do aquire something of value and it can happen unexpectedly. I recommend you contact a lawyer.