LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.

You would be losing around $2k a year.

It's important for me to control any lending situation that I enter -- whether it be a note or a hard money loan -- and the amount I would have to fund in NYC either would require me to bring in other investors, and thus lose control,  or would require me to tie up too much money in one note, which would be disastrous given the lag to a foreclosure. 

I am a commercial architect by trade and I hope that my experience can be put to use in my investing venture.

Good evening, I am looking for an example for a joint venture form

I had my agent run CMA in the zip codes I would like to invest in and for the past 6 months, the sold price were about 15-20k below the final listing price (listing price were between $180k-200k) due to some of the properties are either paid in full and kids just selling off what they got from their parents or military members who are just trying to break even since they got orders and don't want to deal with renting it out or losing money. 

New development is one of the riskier ventures in real estate.

We did start talking to someone but I failed to tell them it was in the name of the LLC I just didn’t think about it till now.I had considered transferring it back to us personally but aside from the annoying title costs wouldn’t that lose the protections and advantages of the LLC?

Sorry, we would use that money to go into a joint venture together. 

If your using money you cant afford to lose and or need to finance or plan to resell.. then buying a property without title insurance is risky.cheap land is many times bought with out title insurance..