Also, if you dont have an detailed article of incorporation, the state law takes over so most you will be entitled to basic asset protection.For SMLLC, you really dont need an operating agreement that over-rights the state statutes, so as of right now you should be fine with just registering for LLC and filling out the online article of incorporation.  

Anything not specifically mentioned is usually analyzed by the IRS to see if current statutes/rules apply (step transactions, pledge rule, economic substance, etc.).

One thing you learn from reading/researching years and years of statutes and case law is that: "It Depends". 

If they don't take legal action to protect their interest, then after just 3 years (in Texas), section 16.024 of the Texas Statute of Adverse Possession grants you a defense to any future claims by the remaining siblings and the right to clear title in your name.  

We have a FC here in WA and it will take over 8 months since the borrower is leveraging every part of the WA statutes to delay and WA is a non judicial state.

Statutes and case law regarding LLCs are state-specific, and what is true for you in California or Florida could be completely wrong for the original poster in Georgia - he should talk to an attorney in his state.In both of the jurisdictions in which I am licensed (Texas and Oklahoma), state law says the exclusive remedy for an LLC member's judgment creditor is a charging order.

LLC s are not perfect, and how you operate them is important, but the authorizing statutes list protection and courts are obligated to follow those statutes. 

I had some renovations i wanted to get done in there.I had to post the non- renewal on the front door prior to 60 days before end of lease, per FL statutes.

It is mentioned in the state statutes "*By law your taxes are delinquent after December thirty-first.

I'm having trouble finding details through the internet and local law statutes regarding eviction of a non-paying tenant in this house hacking situation.