My name is Jacob Lemke and I am a licensed realtor, wholesaler, and investor in the greater Seattle area (I work mostly in Pierce county though).

I hear stories of judges piercing LLCs based on that.

A entity, corporation or llc, can be pierced by you not complying with the law to keep it valid.

@David D'Ambrosio While I agree that there is a level of protection by having your properties in an LLC, in the case of a liability claim, the attorney could very easily pierce the LLC veil if enough thought is given to it ( do you self manage the property?

LLCs are inexpensive and easy to establish, no annual franchise taxes (unless your home state assesses them to your Ohio company), and it's very hard for a plaintiff's attorney to successfully pierce the corporate veil under Ohio law and go after the owner's personal assets.

But there is still a good chance that this type of LLC would be “pierced.”With that, no matter how many LLCs you may have in your life, should you personally be responsible for a tort, like a vehicle collision with personal injuries, if your primary/umbrella insurance and your non-LLC assets should not be enough to cover a judgement, assets of your LLCs may be pursued - but not necessarily obtained.

Single member LLCs can be pierced, though, allowing the plaintiff to go after other assets.No, you cannot just buy a luxury car in an LLC and write it off.

It can be done, but arguments of alter ego for "same owner' LLC's with same busines purpose and arguments of piercing the veil are not difficult arguements to make and win.

If you have a problem and the corporate veil is pierced in one company and become personally liable, that means all your assets can be at risk and the ownership interests in all of your entities are your asset, now they are all fair game, so the whole idea is hype, IMO.

Even if the home was in the LLC's name it would likely be pierced because after all, you're living in it.