Well, now that is interesting, comparing educational institutions like Harvard to some privately owned organization pumping what they see or claim to be an education.For centuries, there have been two areas to teach or educate people skills and knowledge to earn an income, they have always been divided as to a vocation and a profession.Vocations have been through apprenticeships, the student learns from the "master" of the skill or art being taught.

I looked around for a while and couldn't figure the best place for this question.Here's the situation: I'm looking at BRRRRing an early 20th Century house in Nebraska.

Everything from rents and property values that decline in inflation adjusted dollars, to issues of building/maintaining trusted teams, to expertise that allows one to know their given market, etc.Case Shiller lists San Fran as having produced the best return on buy and hold residential RE for this century. 

Where the REAL steals were in the near Downtown neighborhoods or the "exclusive" areas with 4000-8000 sq ft homes, limestone, turn of the century woodwork, etc that just couldn't be done at any reasonable price today.Those homes were in bad need of updates (galvanized pipes,  knob and tube, radiators, 100 year old windows, etc).

For more than a half century I have never had an IRS Tax audit until last December that is. 

The bank I've have been using, is stuck in the 20th century e.g. no automatic payments, very basic online features, doesn't link to QBs.

So, definitely did not match the century old homes in the area.

Of course, this is exactly what people (including attorneys in those countries) said when the "regular" LLC was first introduced in Portugal (1917); Brazil (1919); Chile (1923); France (1925); Turkey (1926); Cuba (1929); Argentina (1932); Uruguay (1933); Mexico (1934); Belgium (1935); Switzerland (1936); Italy ( 1936); Peru (1936); Columbia (1937); Costa Rica (1942); Guatemala (1942); and Honduras (1950).In the last quarter of the nineteenth century, Pennsylvania, Virginia, New Jersey, Michigan and Ohio enacted legislation permitting "limited partnership associations" or "partnership associations" - and again the "boys who cried wolf" started on a predictable path.In 1977, Wyoming became the first American state to enact a true LLC act modeled after the 1892 German GmbH Code and the Panamanian LLC... and the "boys cried wolf" yet again.  

(There was also a recent judgment on a case filed a couple of centuries ago - neither the plaintiff nor the defendant nor any of their heirs could be found!)

Some asset protection attorneys are returning to Limited Partnerships [with INC as general partner, providing the protection and control you desire], which stand up very well when you are sued, and have literally centuries of judicial rulings upholding liability protection, when the LP rules have been followed.