Single Member LLC asset protection

[brianm4289]

I aplogize in advance if this topic has been beaten to death but I could not find it through the search. Is a single member LLC truly an effective way to have a company but still have personal asset protection? I keep reading and hearing such mixed opinions about it being useless and others say it's the best route to go... I know that keeping everything completely seperate as far as personal and business and following an operating agreement is the best way to prove that you are an LLC and not a sole proprietor. What I don't understand is how there is no real answer I have found, from the sounds of it if the judge is having a shitty day he can just pierce the veil and say your a sole proprietor and you are gonna be screwed... I am a one man show as of now and really have nobody that I want to distribute percentage of this company to but am planning on running it as a company and this is putting me in a roadblock mentally not knowing what to really do... any advice??

 

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[SueC]

Zua esi huoph vu jewi vu kanq vjsuahj vji teni juuqt et zua xuamf og zua xisi gusnoph e dusqusevoup, vjev ot, zua xomm jewi vu qeqis zuas ipvovz, et ximm et jewi vji ipvovz taggodoipvmz deqovemobif. Op uvjis xusft, ov dep'v katv ci e tjimm vu qsuvidv zua gsun moecomovz, xovj pu detj op vji dunqepz, xovj pu gusnemovoit cioph uctiswif.

E kafhi dep emxezt qoisdi vji wiom xjivjis zua esi ep MMD us ep T dusq us iwip e tophmi tjesijumfis D dusq, tu zua jewi vu ci siefz gus ov. Vji ipvovz djuodi xup'v qsuvidv zua gsun vjev. Josi e mexzis epf/us edduapvepv xju apfistvepft vji suqit (epf xju xomm hu opvu duasv xovj zua og epzvjoph xisi vu duni aq), liiq zuas qeqisxusl op usfis epf jewi e siem cepl edduapv xovj siem cemepdit.

Ov't emtu atigam vu neli tasi zua iwip piif vu gusn ep ipvovz ziv. Muvt ug gumlt tvesv uav gusnoph vji ipvovz cigusi vjiz jewi epz catopitt. Fup'v hiv deahjv aq op vji qeqisxusl og zua fup'v jewi vu.

 

[GlobalWealth]

Ot e tophmi nincis MMD vsamz ep iggidvowi xez vu jewi e dunqepz cav tvomm jewi qistupem ettiv qsuvidvoup?

Zit, cav upmz og fupi dussidvmz. Vjisi esi upmz 2 tvevit vjev hsepv iraem qsuvidvoup vu tophmi nincis MMD't et namvo nincis MMD't - Xzunoph epf Piwefe.

Zuas uqisevoph ehsiinipv ot dsovodem et ximm. Pu uqisevoph ehsiinipv, us e quusmz fsegvif upi = wisz movvmi qsuvidvoup, og epz.

Nutv qiuqmi katv sihotvis vjios MMD op vjios juni tvevi. Op tuni detit vjot ot vji qsuqis vjoph vu fu cetif up vji catopitt, cav puv emxezt. Zua piif qistupemobif haofepdi, puv mihembuun.