No, sorry it won't do jack s@@@
See, you f@@@ up and say you burn down the hotel cause your gear shorted out.
OK, they do what? Sue the biz..duh, of course. BUT they will also sue YOU..peronally. so the LLC doesn't protect diddly squat.
Saw your driving and your cargo trailer comes off and and goes thru teh people in line out front of the rave - same thing - they'll sue YOU personally as YOU were the one that 'did it'.
LLC is great if you have EMPLOYEES - then if they screw up THEY get sued and your COMPANY gets sued, your personal assetts are free and clear.
The GOTCHAS in this -
as mentioned, more bookkeeping requirements, meetings, officers, etc. Not much for an LLC , more for s corp, etc.
If you classify yourself as an employee of said 'company' then you must get (in PA if not all states) workers comp insurance for employees..more costs. Do payroll..more costs.
You MIGHT save on the FICA/Self employment tax..MAYBE. The IRS is on to this idea that you pay yourself $500 a year in payroll (subject to fica) and $20,000 profit sharing/dividends which are not subject to fica - saves you 15% on that income. The IRS now looks at what a 'typical' person with that job earns and yo ubetter be paying yourself that or close to it or else they'll call you on it.
Also consider the new LLC/S-corp has no assetts, no credit, etc. So you have to PERSONALLY sign for it...now you've just peirced the veil so to speak and put yourself personally at risk.
get insurance and don't be stupid and screw up. And no judge is gonna take your house because you didn't play all the 'must play' songs at an event and get sued for it.
"LLC" can benefit you...even if you have good insurance.
The LLC protects your personal assets from being included in a lawsuit of your business.
So they can't take your home or belongings.