Bonus points if you can help explain the buy in personal name transfer to LLC and how that does/doesn't pierce corporate veil too (not that OP was doing this, but common).

Co-mingling funds can 'pierce your corporate veil' and yield the whole benefit of a separate business worthless.I'm sure those much smarter and better qualified in these matters will chime in @Ray M.

Also, it seems it's getting easier to "pierce the veil" of protection, as seen in court cases around the nation as of late.Umbrella insurance is great, but in cases of an enormous claim, would not protect our personal assets.

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@Patti RobertsonI'm a newbie here and certainly not a lawyer, but this sounds like something that could be used to pierce the corporate veil.

It is easy to "pierce the corporate veil".  

Remember that LLC law varies by state, but after endless discussions of "to LLC or not," or "piercing the corporate veil," it seems like a primary source would be helpful here.

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).

@John Spurlock  as much as we would like to think LLC isolates the owner from liability that simply is not the case.. if its bad enough to get sued.. your going to get sued personally right along with your LLC.. and you may be right but you will spend thousands on motions in limini ...LLC's are great for many reasons and I have a bunch of them.. but its all with different partners.. but in a single member LLC its easily pierced.

For my LLC purposes, I make it nearly impossible for the corporate veil to be pierced, as everything is paid in and out of the LLC as it deals with the residence, this is where a good accountant comes into play.