That and the equal protection clause that follows it.

He wasn't able to write new business but was doing a fine job taking care of his current customers.

As far as why I was considering an LLC - it seems like there's two camps, those who think it's a necessity for legal protection, especially as you grow in unit count, and those who think it's mainly a waste of time and money.

We have a city ordinance that makes income source a protected class, aka you can't say No Section 8, but it also means you can't say ONLY Section 8.

I see how he views and values investor funds, talks about protecting those investor monies (walking away from deals I think are good but are admittedly more risky), and the consistency in this behavior from the time I have known him shows me that he is not someone who takes his role as syndicator lightly.

@Kyle Weinapple Search this forum for "LLC insurance asset protection"You will find dozens of prior threads where this topic has been debated to death. 

Tenant protection issues - We’re in CA and introduction of limits on rent increases so want to be sure that we have the lease structured so the tenant reverts to a market rate rent at the end of the 3 year period or moves out if unwilling to pay that rate.I’m struggling with the 3 year lease being long, I don’t think I could enter an indefinite (til death) lease.Another thought what if one spouse dies and the survivor remarries a younger person?

The entity may need to pay corp taxes but you may be protected until dividends are withdrawn. 

Also file a complaint with the CFPB Submit a complaint | Consumer Financial Protection Bureau (consumerfinance.gov)Regarding do you have any legal action - you can prove you do not owe it but you will not get any compensation - courts have ruled long ago the only recourse you have is actual money you lost - there is no "pain and suffering" if a statement is incorrect and you have to fight with them on it.

.: @James Hamling And with a singular "simple" quite "stimulus" trillion handed to JP to "provide liquidity" to "Protect" creditors/ business/ Americans/ etc etc pick your slogan, we the American tax payers just funded the single largest hostile take over in human history.But no one talks about this and a big % of the people reading this don't have a clue what you are talking about!