Robust insurance will not be enough to cover some risk which can be covered with LLC set up and run the right way.Good video here.

The younger generation is strategically taking the cities back and recapturing all the wealth their parents relinquished.

The above are just a few of the things that come into play when determining what type of entity(s) you require to strategically reduce taxes and liability issues.If someone tells you a "solution" without knowing your situation RUN!