Are there any big advantages to forming an LLC?

[Brent Paul]

I am looking at buying a 4plex in the next few months and have been debating what to do.

I have read that some people form an LLC and some people don't at all.

A friend of mine suggested I need to form one for tax purposes and it takes the liability away from my person assets. Also something about a reduced tax rate. My gut tells me he is wrong, but I am no expert.

What are the advantages of forming them? I don't plan to own 50 properties but maybe 10 or so.