If I were to be an owner of a business, I would want to own a piece of an LLC. A LLC can have multiple owners including corporations. Therefore, the possibilities are endless in addition to being able to sell shares to raise funds; and being able to take out a loan more easily compared to a say sole proprietorship. Also, the tax is passed on to each members tax returns similar to a partnership. This also prevents double taxation because the LLC entity does not get taxed. However, as mentioned above by julienneviuya there are disadvantages to it especially in its early days.