Furthermore, it is very easy to "pierce the corporate veil" because, presumably, you will be living in the house i.e. you are getting direct benefit from the asset (and the asset protection is in name only). 

My background is corporate accounting (10 years, active CPA). 

I wouldn't trade my life for a corporate job even with a 30% pay increase. 

No, but it's generally considered a Corporate Advance and tacked onto the arrearages which is typically included in the final judgement amount at Foreclosure. 

Thank you If you move ownership of a property to an entity (LLC, Corporation, Partnership,etc) you may be in violation of the Due on Sale clause.

From the accountant:Both liabilities show up on the corporation’s books and both need to be paid by the corporation. 

Individual taxpayers who are not engaged in a trade or business but are investigating the potential creation of a new business should consider forming an S corporation to facilitate and conduct all the activities related to the investigation.

Kris, not sure what the timeline is but I would personally want the LLC's business and corporate credit profile with DnB and Experian to be as high as possible.

Here are other good resources on this topic too. https://www.irs.gov/businesses/notice-2004-8-abusi...https://www.irs.gov/retirement-plans/ep-abusive-ta...https://www.irs.gov/businesses/corporations/listed...

@Tim Watkins, it sounds like you have a 2-person LLC, and assuming you did not elect to be treated as a corporation, it will be treated as a partnership for tax purposes.