An LLC protects you from:
Seizure of your personal assets. In other words, if your LLC business fails, creditors can’t put a lien on your house, or personal bank account or possessions.
Double taxation. You’ll pay income tax on any profits the LLC makes (or on your share of the profits). You’ll report that income or loss on your personal income tax on Schedule C.
Being named as involved in a business as an LLC member. LLCs don’t have to list the names of all their members on documents filed for the business.