@Bo Goebel @Dino Pierce...Agreed...Thanks 😀...First ”LEARN” and then remove the ”L”...

But, that being said, there is much talked about how lawyers are able to pierce the corporate veil. 

Many, if not most who form LLCs have no clue as to the proper management required (I'm speaking of the DIYer's) the corporate veil can be pierced easily if you fail in your management duties, so don't rely on an entity to protect you, it is a secondary line of defense.

The trick in all lawsuits against a corporate entity is to pierce the corporate veil. 

I have also heard the risks of "piercing the corporate veil"/forfeiting protection in transferring from individual to an LLC.

While all this "formality" seems unnecessary, it is all meant to treat the LLC as a separate entity so that in the future, no attorney can claim that you and the LLC are the same entity and pierce the veil.

Everybody will start shouting about "piercing the veil" and how LLC's aren't any good...but I believe that when operated properly LLC's should provide as much protection as a traditional corporation.

I have been told the corporate veil can be pierced during litigation IF there is enough equity to make it worth while.

Many people argue that LLCs are pointless because it is easy to pierce the corporate veil.

However any competent attorney can look for and find ways to pierce the corporate veil.