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5 December 2015 | 14 replies
Speciffically because the corporate veil is much much harder to pierce.
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26 December 2016 | 23 replies
Google "piercing the corporate veil".
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16 February 2020 | 11 replies
The correlation between the reality side and management side has already been pierced in multiple instances.
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25 June 2018 | 6 replies
Whether the courts of a non-series LLC state would respect the liability shields of a series LLC is not known.The IRS has issued proposed regulations providing insight into the IRS’ treatment of these entities:1) Each series within a series LLC will be treated as a separate entity for federal income tax purposes;2) Each series is allowed to choose its own entity classification independent of the classification of other series; and3) Each series should only be liable for federal income taxes related to that series.The proposed regulations do not address the entity status of a series organization for federal tax purposes nor do the proposed regulations specifically address whether each series within a series LLC should obtain a separate employer identification number (EIN) and file a separate federal tax return.Until final regulations are issued, I advise clients to obtain separate EINs and file separate income tax returns for each separate series which, I believe, helps each series maintain separate and distinct corporate identities, thereby reducing the risk anyone may be able attached a judgment to you or another series and pierce the corporate veil.Other ways to minimize the chance that one series may be held liable for liabilities of the entity as a whole (or another series) include the following:1) Create a separate bank account for each series (again, you’ll need a separate EIN to do this)2) Don’t commingle funds within series.3) Always sign documents in the name of the series.4) Properly document all loans between series.5) Conduct all transactions between series in an arms'-length manner at fair market prices using appraisals.6) Keep the assets and operations of each series separate from the other series.
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27 December 2015 | 7 replies
Basically if you aren't running the LLC like a business and are not in good standing or any other multitude of things, then a attorney could easily argue in favor of piercing the corporate veil which makes it seems like you didn't even have an LLC in the first place.
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7 January 2016 | 8 replies
That property is Pierce County not King.
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23 October 2012 | 137 replies
http://nnncommercialrealestat... 31 Aaron Norris http://www.thenorrisgroup.com 22 Hubert Miles 15 Harrison Painter http://www.GoGladiator.com 13 Michael Rossi http://www.1MinuteToRentalPro... 13 Top commenters Joshua Dorkin http://www.biggerpockets.com 50 Justin Pierce http://www.snowgoosehomes.com 20 Norm Chrostowski 19 Michael Rossi http://www.1MinuteToRentalPro... 12 Will Barnard http://www.NationwideProperty... 7
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1 October 2016 | 0 replies
This post is for people living in the state of Washington and/or for those that know of GOOD general contractors in the snohomish/king/pierce counties.
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24 January 2024 | 27 replies
It is supposed to create a 'corporate veil' of sorts....but it is easy for anyone to pierce.
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30 April 2018 | 18 replies
We've started in Pierce County b/c that's where we live (and that's what's affordable in this crazy Seattle market).