A combination of features has made limited liability companies an increasingly popular choice for doing business in Arizona. Often touted as a hybrid between a partnership and corporation, the LLC is fast becoming the entrepreneurs' entity of choice due to its attractive characteristics. attorney to further discuss and operationalize best business practices around incorporation with the ultimate goal of decreasing my liability exposure. I was wondering if anyone had any advise to share with me about self-employment and liability. I was told by an attorney that "Liability is the paralysis of compassion". He obviously is not a nurse. Thoughts?