Think about having to stand in front of a judge and defend your decision. - Is it fair/reasonable? 

I think there are other options that eliminate the "cross contamination" from being sued in one LLC and allowing the plaimtiff to get to your other LLc's, you personally or EVEN your assets or equity in the defendant LLC!!.

In Virginia, the military affidavit is just a form stating you have no knowledge of each defended in a suit is, or is not in the military.

As a result, the owners have the right to defend their property as allowed by law! 

It would be a very hard thing to defend in audit- that being said even if it DID qualify it for service the other consideration is that there are still other expense v. capitalize issues to contend with.

Even if you are not Liable, you may get named in a suit and have to defend it and incur legal costs.  

This is of course just a single state, and since each state has different rules and laws, we need to be careful in making generalizations.I would thing real estate commissions would have a lot more difficulty defending an action which fines someone who has a contract to purchase and assigns that contract.  

Originally posted by @David Abbate:Now hold on.. everyone is having a good laugh here, but what if she were asking about commercial multifamily.If she could show a lender that the property had years of solid cashflow behind it (not talking about one if these "no cash flow, bought for appreciation" ******** deals I see certain forum members constantly defending), and was not in "serious rehab needed" condition, you are telling me she couldn't get a commerical loan on that? 

They can involve the Police, and have the right to defend their property.I know what you must be thinking - It is MY home.

It was implied that we would likely get audited and they would not be able to defend that claim.