Asset protection. First time business owners were first unincorporated proprietorships. As 
they began to realize the possible loss of their personal assets, or they started to get in trouble, only then! did they consider other types of ownerships.
The Limited Liability Company is the most efficient way to do business. NO ASSETS or BUSINESS(es) should ever be in their personal name(s). "Own nothing, control everything-else." Personal creditors cannot step in your shoes to take control of your LLC. Your creditor is precluded by law and with unwanted tax consequences. see section on "what's an LLC"
Another asset protection technique is to shield your personal and other valuable assets by having your Limited Liability Company own a "blanket mortgage" on all your assets. That is, "you owe money" to your LLC. Alternatively, don’t put all you eggs in one basket, have multiple LLCs for multiple type risks or multiple layers of legal entities, depending on your risk.
Real Estate Investments. LLC’s flexibility allow unlimited number of members. LLCs may register their shares with the Securities and Exchange Commission as publicly traded securities i.e. (REITS) Real Estate Investment Trusts under the LLC umbrella at far less costs and with less administrative complications
The United States is the "OFFSHORE" for foreign entrepreneurs. Foreign investors consider the United States as their "offshore" tax-free tax haven jurisdiction due to favorite treatment of their investments and tax-free status afforded to them. Example: There's NO Capital Gains Taxes on securities purchased in the United States and sold by foreign investors.
Estate Tax Planning, elimination of probate jail. The LLC is an ideal way to transfer wealth amongst family members. The older generation (parents) retain control of the assets or business by eliminating third party interests and restricting membership, while eliminating estate and gift tax consequences. The LLC is a much more practical device for this purpose with no mandatory distributions to the younger generation (children).
Creditor transactions. LLCs have a distinct advantage when it comes to borrowing money from traditional institutions such as a bank or doing business.
Charitable gifting. Fund raising and charitable giving is better facilitated through an LLC. Member gifting is passed through to their individual income tax returns, federal form 1040.
Multistate operations and professional practices are enhanced by the use of an LLC. LLCs have long been recognized as traditional legal business entities. A trust is not afforded such luxury,
because no-one knows what's the nature of it's business purpose. A trust is a private business contract between the grantor, the trustee, and the beneficiaries.
