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Updated almost 6 years ago,
LLC and piercing the corporate veil
I am interested in hearing opinions (not legal advice of course) if you have the time to respond. If I purchase a rental in my name, keep the loan for it personally, and deed the property to my LLC does that make it easier for someone suing the LLC to "pierce the corporate veil" and come after me?
My lawyer said it would and I trust her legal opinion, but I hear of so many people doing this so are they just more at risk? Or is it more of a "yes but low llikelihood" type of gamble? Or, is she just wrong?