It's a different concept to hold someone liable than piercing the veil.Here's an extreme example from Pennsylvania: a single-member LLC is in the business of selling commercial equipment on behalf of others. 

@Alex chin first off is that city of Tacoma or Pierce County sewer? 

Once you get sued the plaintiff may very easily demonstrate there is no separation between yourself holding the loan and deed and your LLC that just tracks numbers (pierce the veil).

Piercing the corporate veil is an equitable remedy under Texas Business Code Section 101 when owners/landlords commingle funds (personal funds are mixed with company funds), do not treat the company as a separate business entity, use the company to commit illegal acts such as actual fraud, personal guarantees, diversion of company profits for individual personal use, inadequate capital, failure of proper legal documents.Under Texas Business Code Section 101.114, exceptions to piercing the corporate veil states: “Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or liability under a judgment, decree, or order of a court.”According to Castleberry v.

Piercing the corporate veil is tough in Texas, even for the best trial attorneys.  

It's called the corporate veil and is only "pierced" by intentional wrongdoing.8. 

California LLC laws seem to allow the corporate veil to be pierced more often than NV or WY. 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

A lawyer will easily be able to "pierce the corporate veil" and go after your personal assets if they can show that you treated your LLC bank account as a personal account.

@Jacob AbrahamLLCs don’t protect you from lawsuits, only from creditors if the business becomes insolvent.Having the property in your name will pierce all of that either way.