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23 September 2019 | 37 replies
I do not believe in putting bogus liens on property, it is a VERY good way to have your entity protection pierced, and it is so easy to follow the money to you.
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28 November 2023 | 2 replies
It wasn't entirely clear why... but from what I gathered, the theory was that it was better for demonstrating a separation of concerns between you and the LLC, and part of a broader strategy to prevent piercing the veil.
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29 November 2023 | 14 replies
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).
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25 March 2017 | 14 replies
But, if every home is under a different LLC, then they would have to pierce the veils of the various LLCs to grab the assets from one (or a few) to pay for the sins of the one.I wonder if having a C-Corp to hold the various LLCs might be wise or would just add to your taxes.
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30 January 2019 | 35 replies
King, Tacoma and Pierce Co will have more options.
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10 January 2018 | 12 replies
Michael Plaks I was told that a two member LLC is more favorable for flipping activities for two reasons:1) much less likely to be audited vs a single member llc 2) much more difficult to pierce the corporate veil compared to a single member (many cases recently have not honored single member Llc's in terms of protecting and separating personal assets from company assets).
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3 June 2021 | 5 replies
The important things are:- Real Estate closing- Drafting the leases- Advise on how to manage LLC so that it is less likely to be pierced (sepparate accounts, etc..)- preparing for possible evictions in the futureAn Attorney can be a valuable resource for a landlord who is remote.
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2 December 2023 | 12 replies
Hi Justin,Some of the replies above are a bit reductive on the process of piercing the corporate veil and seem to insinuate that it is a common process.
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19 August 2022 | 49 replies
to keep from "piercing the corporate veil".
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12 September 2020 | 10 replies
@David Pierce the VA loan house hack is an incredibly powerful strategy, and I 100% recommend it for most military real estate investors.