"Get an LLC or else!"

[Fe Kelly]

So I went to a seminar last year (I know. I know. I was gullible.) and this "guru" told us that if we didn't get an LLC ASAP that we could only do 5 deals a year or the government would "shut you down so quick your head would spin!" Yes, that's an actual quote. He said it didn't matter if they were wholesales, flips, etc. I just want to know if there's any truth to this.