That's great info. I have been working for an LLC for almost a decade now and we were sued when one of our owners rear ended someone in a company vehicle. The main purpose for the LLC was accounting purposes. That way it has its own account to work out of and to allow me to avoid sales tax on some things. I will be partnering with a friend so it helps with some of the legal issues with that.
I know I mentioned not wanting to get paid, but I guess that's my minimal expectation. If I make money that's even better. The wifey will have less of a problem with my bb-q when it brings her shiny things made of rare metals.