Great round up of why an LLC might not always be the best
Published February 6th, 2006 edit replace rm!
I still think that an LLC is the best thing since sliced bread. However read up on Roth & Company’s blog on some of the specific reasons why LLC’s might not always be ideal .
These are mainly US centric reasons. But in particular it looks like there are specific problems with California based LLC’s. I am not sure how this would work if only one partner is in California and the rest elsewhere.