Hi There:
The pro as the name indicates provides for limited liability in case of a civil lawsuit. The con would be the additional paperwork and fees to set up and maintain the LLC throughout the year. If you are in a business where there could be potential liability then LLC is the way to go. If not, the simplicity of not doing an LLC would be the way to go because of ease and less administrative costs. Tax breaks are about the same for an LLC and self employed person.
Also if liability is at issue then please consult with an attorney for more information and analysis.
