Did your LLC work for you?

[John Vietmeyer]

Does anyone have a first hand example of how a LLC worked, or did not work, for them?

I currently have 3 properties with an umbrella policy and an could contemplatin setting up a LLC moving forward. I actively manage so expect my vail of protection would be thin. tax accountant says no benefit there. Can only get financing in my name.

Interrsted in experience of folks who have actually been sued with an LLC in place.

[Matthew Kreitzer]

Your tax accountant is giving you legal advice? 

A) Stop listening to non-legal professionals for legal advice.

B) Go talk to an attorney.

Tax accountants are licensed and educated on one area of knowledge, and that they do well; the tax ramifications of electing a tax structure.

As for how that would impact the ability for litigants to reach your personal assets? Talk with a licensed, local attorney.