This could pierce the corporate veil entirely.If the cash is in the LLC's bank account, a plaintiff's lawyer can definitely get at it.You can't really "hide" the cash.

I keep thinking I need to set up an L.L.C but what I continuously read is that #1 since my L.L.C would be a sole proprietorship my money will obviously come from personal assets so a good lawyer will pierce a (corporate veil?)

Hi @Mark Pierce, not sure about Tennessee, but in California there's a standard 17 days to close on a property after signing a contract.

LLCs veils are easily pierced by any new attorney who passed the bar exam.

I humbly suggest that judicial protection of the mere right of possession is likely to be greater for those who occupy real estate that has been intentionally abandoned, than for these instances of individuals who claim an unauthorized tenancy in properties that are merely vacant.http://www.city-data.com/forum/washington/2485666-squatter-nightmare.htmlhttps://q13fox.com/2016/09/21/pierce-co-neighbors-fed-up-with-squatters-sheriff-says-hands-tied/https://www.biggerpockets.com/forums/67/topics/64944-the-occupants-from-hell-https://www.biggerpockets.com/forums/56/topics/250301-squatter-nightmarehttps://www.biggerpockets.com/forums/52/topics/110018-update-on-my-squatter?

Are you speaking of Gorman vs Pierce County? 

I have an S-Corp as well that an attorney here in Kentucky set up and it was $500.00, even with these legal protections there is something called "piercing the corporate veil" that would allow a director/member/owner potentially liable.

The cost and agony of foreclosure or obtaining the security can be painful.  

If not, then the corporate veil can easily be pierced because they just seen as shield companies, in other words companies on paper only.Some people just go on Legalzoom, setting up all these entities and then never operating them properly.

However; what's the point of going through that trouble if it's easy to pierce the anonymity of that legal device in GA?