For Which Purposes Are LLCs Being Currently Formed?
          
          
               * Venture capital, real estate, and other
          investment firms:  Control, division of profits and
          losses and many other aspects may be specified in the
          agreement, plus pass through tax treatment when
          properly structured.
               * Family business enterprises:  Control can be
          spelled out and estate planning considerations can be
          customized as an integral part of the agreement.  Pass
          through tax treatment when properly structured.
               * Entrepreneurial start-ups:  Pass through tax
          treatment like Subchapter S, but without the
          restrictions on ownership if properly structured.  No
          limit on the number of investors.
               * Professional corporations:  Accountants,
          attorneys, doctors, psychologists, financial planners
          and all professionals now working through partnerships
          can free themselves of the liability for their
          partner's actions, while retaining the same control
          structure as their partnership.