The time involved is extensive and this is time where you make $0, tick off your client who was previously your champion and the negotiations over the problemtake you away from moving on to the next deal. 

If you are sued for the big one, the insurance company can simply pay the limit of liability and walk away, leaving you on your own to defend yourself, having more than you need means the Ins. company won't be walking away and will defend the suit to the end!

.), you will be named as a Defendant. 

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.  

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

As soon as I explained that after doing some research of my own I had decided not to get their program, he cut me off in the middle of my sentence and started trying to defend the negative criticism they have been receiving online.

Now if the LLC has multiple members, the only part of the LLC that can be lost is the defendant's share, not the entire thing because he doesn't own the entire thing.In short, the LLC protects you, personally, from your business, but you need something else, like gobs of insurance, to protect your business from YOU.

I've been reading posts here on BP for the past few hours where a lot of our members are defending both sides of two very classic RE investor battles: 1.)

The problem with lawsuits, even baseless ones, is you have to spend money on defending them.

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!!.