[Spooky23]

These structures characterize cash flows as return on capital, which defer taxation.

There’s a bunch of games played.

[perl4ever]

I didn't think it deferred taxation; just the opposite.

That's what I was referring to about the K-1; you pay taxes on the income of the partnership even if you didn't sell any shares.

[Spooky23]

It depends on your situation.

For an smaller scale individual, the paperwork is a pain unless the entity is designed to be used by an individual.