LLC and assets

[Michael Jones]

It has come to my attention that a LLC is some what hollow until your business is considered commercial. Here is what I mean by hollow. Your LLC has no true assets or liabilities until your property is five units or greater. Up until this time, all of your assets and liabilities are personal as far as the bank is concerned. Even if you have the property paid for. Your bank sees the property as personal even if it is quit claimed into the LLC. It is my understanding in order for the LLC to truly stand alone it must be commercial and you are not commercial until you have five or more units. Please help me understand if I'm starting to see LLC's correctly.