Even if you have an LLC I would say there is a strong public policy argument to piercing the veil, as you personally knew of the trampoline, did not do anything to cure the situation and failed to procure proper coverage for the liability exposure.

My financial adviser said that it's very easy to pierce the corporate veil in a single member LLC, and that it's much harder with an S corp.

@Kelvin SchaefferI'm in Pierce county and I just got a bid to short plat a one acre parcel into four lots.

Just because you have your assets in an LLC doesn't mean that liability protection can't be pierced if the LLC isn't appropriately operated.You state people should not rely on CPAs for entity structuring advice, rather they should rely on lawyers.

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).

Any suggestions are appreciated.Best,BobThe market shifted in King, Pierce & Snohomish and the old players have reorganized but here is a reconstitution of one of the big ones. 

That makes the LLC easy to pierce in a lawsuit.

Quote from @Zach Pierce: Hi all...first post here and working on first STR purchase. 

Very similar situation with quit claiming into the LLC.To continue with another thought, having the insurance policy in your personal name while having the deed in an LLC COULD make it easier to "pierce the corporate veil" of protection offered by the LLC, rendering it's existence useless and defeating the original intent of doing all of this in the first place.

If you want to bum through and party, save your parents the money and agony.