16 November 2019 | 2 replies
I quickly transferred that money between the 2 accounts to get it in the right spot, but I'm curious if this could cause an issue with "piercing the veil" by commingling personal and business funds.

18 November 2019 | 22 replies
Or does doing that keep you from being able to be sued by piercing the corporate veil (sued as an individual since LLCs are not being used as a business but only protection)?

21 November 2019 | 7 replies
@Geoffrey Pierce Both should be listed on your tax bill and collected in escrow if you chose to have an escrow account

20 November 2019 | 0 replies
I've heard that mishandling this can lead to piercing the shield of an LLC.

4 December 2019 | 12 replies
Thanks @John Pierce,I recently listened to show 356 of the BP podcast with @Joseph Asamoah, He is in DC and specifically targets 5 bedroom properties.

30 November 2019 | 3 replies
It becomes a bit of a chicken and egg thing, when you're starting - because at the end of the day the LLC is only as good as its ability to protect you, and if the deed's recorded under the LLC but you're paying the mortgage out of your account anyways, that's not likely to do a ton of good when it comes time to 'be protected' - see 'piercing the veil.'

3 December 2019 | 12 replies
Take a look at the City of Fort Pierce.

6 December 2019 | 4 replies
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.
3 December 2019 | 14 replies
It's not that hard to pierce the corporate veil and you'd still likely be sued.

30 December 2019 | 5 replies
In the City of Fort Pierce, we have many properties you can get better cash flow and we are on the beachPrivate message me if you’d like to see what I’m taking about