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24 November 2014 | 6 replies
I would also be fine with someone in the North Pierce County area as well.
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21 June 2017 | 13 replies
If you do not - and there is a problem or lawsuit, etc - a judge may pierce the corporate veil since the LLC is not technically a living thing- but just a shell ( nothing happening, no usual business practice of annual meetings, etc).
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14 July 2023 | 20 replies
Most small time landlord LLC are easily pierced by a half decent lawyer.
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10 July 2023 | 7 replies
These are the "top 2" that pierce your corpoarte veil.You really should refinance into a commercial loan (legal entities are not eligible for conforming residential loans) so that the loan is in the LLC's name, and not yours.
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22 March 2023 | 24 replies
The reason is because intertwined finances is how lawyers pierce the corporate veil when suing an llc.
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23 May 2019 | 5 replies
What is your opinion on this dilemma: if none of the rentals are in LLC or may be some are in LLC, but all are covered by an umbrella liability policy including my personal assets (the car I drive and the house I live in), does the fact that business and personal assets are mixed under the same umbrella liability policy, does it pierce corporate veil or puts my personal assets at risk, if a tenant sues on one of the rentals?
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7 October 2019 | 18 replies
@John Pierce - The rate is probably worse than a cash out refi.
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27 February 2019 | 3 replies
If the property is not legally and properly under the LLC, then you don't get the benefit and it can pierce the veil of the corporation.
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22 July 2020 | 8 replies
The chance of piercing your Umbrella with an auto claim has to be 100x's greater than hitting it with a tenant liability claim.If you keep adding locations, at some point there will be price savings if you silo your personal home and auto under a personal Umbrella and a second commercial program for you rentals with a commercial Umbrella.
9 April 2021 | 10 replies
Specifically around thurston/pierce/king county?