How should I hold a note? LLC or personal?

[Martha Daisley]

i am buying real estate notes from a private lending company. my tax accountant is advising me to just hold them personally because its less paperwork. He says since they are going to be bought through a company the company im buying them from assumes liability so i dont have to hold them in an LLC. Can anyone speak to this and confirm if thats the case? Also, what kind of liability would i need protection from since its just a note?

thanks

martha