
18 May 2017 | 14 replies
You would then go to the bank and open a new business account for each DBA to ensure the funds are separate and you have to leave paper trails to make sure you never pierce the corporate veil.

15 March 2016 | 0 replies
I won't spend unlimited amounts of money for perfect protection (incidentally, corporate veils can be pierced--and, given what I know about how judges think, the more draconian the injury, the more penniless the plaintiff, and the more wealthy the defendant, the more likely some judge will come up with a creative solution to pierce the veil.

19 April 2016 | 6 replies
I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino.

24 May 2017 | 49 replies
Please do yourself a favor and save a lot of time a agony and go to jakeandgino.com they are two great guys that have a put together an amazing site all about buying multifamily properties...they have blogs, podcasts, a book they wrote called Wheelbarrow Profits, buy it!

22 April 2016 | 24 replies
Especially as a long term keep. 10-20 years from now this mortgage/cashflow agony will sound like a joke.

9 May 2016 | 11 replies
The other way would be to pierce the veil by proving the comingling of funds and/or the owner did keep business and personal separate.

16 May 2016 | 8 replies
From a tax perspective, there is no effect of taking an owner draw from the rental earnings sitting in your LLC's bank account.However--and I'm saying this personally, not professionally as I am not an attorney and therefore not licensed to speak to legal matters--from a legal perspective, in all your dealings with the LLC, you must take care that you are not doing something that would give a creditor or legal opponent the opportunity to pierce the corporate veil and go after your personal assets.

15 May 2016 | 27 replies
I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino.

22 July 2016 | 8 replies
I have a great property manager in King and Pierce county and so I talked her into "trying" out Thurston county.

7 May 2017 | 18 replies
Single member LLC is just an alter ego for yourself and easily pierced.. if you have a true partners ship IE other members then its a much better protection device but then all partners get sued. also a major component in my mind is what kind of real estate are you going to do?