
2 May 2023 | 35 replies
According to Pat Tarr, one of the leading asset protection lawyers in the US, recent court cases have pierced the LLC on the basis that they are just an alter-ego of the individual.

17 September 2021 | 32 replies
I see you guys are saying no, which leads me to this question: Do you expose the LLC to becoming a victim to the "pierced corporate veil" problem by mixing personal financing?

15 June 2016 | 24 replies
Similarly, how often have you been able to pierce the corporate veil?

29 April 2022 | 6 replies
In CT the potential piercing of the cooperate veil is more easily done exposing the owner of the LLC's personal and other LLC assets.

20 July 2022 | 36 replies
A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC and being able to sue you directly.

28 December 2021 | 20 replies
Again this is something that you should consult your own expert but I believe a good lawyer will be able to pierce this LLC protection due to obvious comingling of finances.An umbrella policy does not require separation of finances (no comingling of assets) for the protection.

25 October 2018 | 4 replies
I would like to ask if someone could point me towards how I should fund this LLC so that I don't 'pierce the veil' between my private funds that I will need to use to buy and rehab the property.thanks in advance(please excuse any slow responses from my end)

16 January 2024 | 5 replies
My partner and I are new to investing, preparing to find our first deal in the Pierce County area.

22 May 2021 | 18 replies
Those are two sure ways to pierce your corporate veil to my understanding.

18 August 2023 | 11 replies
Having said that, I definitely create annual meeting minutes for my LLCs for the following reasons:1) it's fairly straightforward to do2) it shows that you are following corporate formalities which strengthen the legitimacy of the LLC 3) it makes it more difficult for a creditor to 'pierce the corporate veil' meaning the creditor argues that the LLC is really just a proxy for you and thus tries to pursue you personally for damagesI also recommend that each LLC has its own bank account and that funds are never mixed between companies.Hope that this helps!