Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago, 12/06/2019

User Stats

1
Posts
0
Votes
Tom Rhyne
0
Votes |
1
Posts

De-coupling LLC/Personal Finances

Tom Rhyne
Posted

When faced with the choice of "no payroll" or "pay out of pocket", I chose the latter, and pierced the veil between personal and LLC finances, and then further pierced it paying back some of those contributions. Now, my company is standing on its own and meeting obligations without my personal assistance.

Is there any real benefit to observing a "no co-mingling/coupling" policy at this point, or is it sort of a "the cork won't go back in the bottle" thing, and I'd best prepare for permanent personal liability for any long-term issues?  Basically, is there any way to reaffirm legal separation in a legal/meaningful sense?

Loading replies...