#5 General Real Estate Investing Contributor
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- Milwaukee - Mequon, WI
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Thank God I had an LLC!! - Said no one ever!?
#5 General Real Estate Investing Contributor
- Investor
- Milwaukee - Mequon, WI
In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must be actual cases! Please share your story, if you ever were saved by an LLC - what were the circumstances? What did you get sued for, how much and why did the plaintiff win? Did you have an umbrella insurance?
Or have you heard any good story involving an LLC and how it actually protected someone's assets?
Most Popular Reply
In 15 years you haven't seen one. Does that mean it can't happen?
Improbability vs. impossibility.
I'll stick to staying covered when the wealth divide is getting deeper, and the institutional firms will absolutely rattle your cage. History is irrelevant in these things, the future hasn't spoken for itself yet.