[Shoe]

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LLC's aren't free from liability. They seperate your personal assets from the companies assets. For example a sole proprietor could lose his house if he was sued for $500,000 and lost. An LLC is only liable for what the company has in assets. And since an LLC offers pass through taxation taking the money from the company and into your personal bank account doesn't have any different effect than leaving it in your company account (for the most part). What that means is if my company makes $750,000 I personally get taxed on that amount whether the money is in my bank account or my company bank account.

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But say in your example, if the site makes $750,000 and then gets sued, but the money has already been transferred to your personal account. Will you (personally) have to pay that $750,000 back, or can the company just declare bankruptcy and that is the end of it? I definitely would not be creating an LLC for tax purposes, solely for liability purposes (although in the grand scheme of things i don't have the much to lose personally either).