for the sole purpose of avoiding income taxes.......se taxes in this case, and possibly income taxes on part of kids...........

and therefore the structure would be looked thru.........plus penalties and interest...........

.........or it would cost a bunch to fight it.

Therefore.................walk around the problem...........do something that is known to work.......in this case, an S corp.........crap can the LLC.......

My favorite description for LLC............made by a tax guru............LLCs are like kissing your sister--------lots of fun in the short term, but if pursued will cause lots of pain and suffering in the long term.

The kids can inherit the stock of the S corp, and get a stepped up basis on it.........and if the advisor uses his head, he will not load too much land into any one entity so estate problems are avoided.

Having the wife involved is short term romantic, long term accomplishes zip......and sets the stage for potential problems.