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Updated over 10 years ago,

User Stats

517
Posts
400
Votes
Chris Simmons
  • Real Estate Agent
  • Owasso, OK
400
Votes |
517
Posts

Who has been saved by an LLC? Success stories needed

Chris Simmons
  • Real Estate Agent
  • Owasso, OK
Posted

I am a landlord and am curious how other landlords have fared in regard to protections offered by their LLC. I know what snake oil salesmen - I mean "gurus" say, I know what I've read in books and forums like this and now, due to recent conversations with 3 local attorneys, I know what they say on the matter. I am curious, how many people have really been saved by their llc? I'm talking scenarios where you are absolutely certain that your llc status either stopped a lawsuit from making much progress from an attorney...not just some angry tenant that promised to sue you for their deposit only to fade away. Or even better, successful judgement against you that stopped at your llc and saved your personal assets, or other business assets. Sorry but settlements, either from your insurance or your own pocket don't count. I want legit stories of "if not for my llc, I would have lost everything". Are there any?

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