Just remember -- you will NOT escape any taxes.... and you will be required to file taxes etc - so this incurs additional costs. The big difference is that generally (note the "generally") you can escape personal liability.
I use LLC's for investing in apartment complexes where you have more than one investor involved. They're perfect for that type of thing because you can issue "shares" - on par where one dollar ='s one share - or 50K is one share etc.
There is also "S" corp - but those don't generally work very well for many reasons. They used to be great for setting up retirement plans because "corporations" could pound away far more than an individual.... but that's a whole different discussion.
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