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Investors & landlords
There's nothing wrong with LLCs and using them as protection....there's a reason they exist and aren't just fluff and useless. You have to careful to keep good books and records and your personal finances separated....no commingling. You have to treat it like a separate company and not an extension of yourself. You also have to be careful with management decisions and record them as made by the LLC and not as a personal decision by the member. If you do those things you're going to be protected. But everyone should take notice that ANYONE can try to pierce the veil of the company whether it's an LLC or S corp or C corp if those companies are treated as just an extension of their owners.
‎January 23, 2021
11:10 AM