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Tax, SDIRAs & Cost Segregation

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Brandon Handel
  • Fort Wayne IN, USA
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52
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Is it stupid to have my name in my LLC?

Brandon Handel
  • Fort Wayne IN, USA
Posted Jul 15 2018, 14:24

My original idea was to have my Last name in the business name for the entity that would be managing my properties. The properties themselves would be in separate LLCs. My question is if this is a stupid idea. Others have told me in past forum posts that it would make it easier to "pierce the veil" in a lawsuit. From a quick read I just did I don't see how that's possible. My understanding is that that the whole purpose of an LLC is to keep things separate from myself in a financial sense. Could something so simple as having my last name on the LLC really allow someone to go after my personal assets? I am really confused on all this. Please help.

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