1 November 2018 | 84 replies
Even if your properties are in LLC’s, these do not always protect you money from being attacked in a lawsuit or bankruptcy I have been through this and IRA money and my primary residence was not touched. 2.
28 July 2020 | 4 replies
Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.
9 April 2023 | 4 replies
Assuming they're going to ignore it, you're going to have file a lawsuit to collect your money and hope it works out well.
29 September 2023 | 2 replies
Quote from @Ashwini Venkatesan: The LLC is designed to protect your privacy or separate the investment from your personal assets in case of a lawsuit.
8 November 2019 | 2 replies
@Travis Bagley - An LLC isn't going to protect you from a lawsuit, especially if it's a single member.
13 December 2013 | 20 replies
And even if they cannot, an aggressive lawyer will try to include the owners of any entity in a lawsuit anyway.
31 January 2023 | 32 replies
Possibly even a lawsuit, major fine or loss of license.
18 September 2018 | 13 replies
Thus, if a rental property is owned debt-free, than 100% of the equity is exposed in terms of lawsuits, for example.
28 September 2023 | 7 replies
I also look for lawsuits and see what happened in them.
7 October 2021 | 17 replies
Also talk to an attorney- becuase an LLC that doesn't actually own the asset that would be the route of any lawsuit likely isn't actually offering any proteciton either legally