I'm not so sure about this. The whole point of forming the SMLLC is protection and liability. It's difficult to generalize some of the author's claims. IMO t

I'm not so sure about this. The whole point of forming the SMLLC is protection and liability. It's difficult to generalize some of the author's claims. IMO this needs a citation: > In such situations, the plaintiff in a lawsuit against the LLC will ask the judge to set aside the asset protection associated with the company by claiming the company is a sham since it has no records and no Operating Agreement. In many cases, the court will agree and the single member [that’s you] becomes personally liable for the business debts. That said, I am curious to hear more about whether adding a minimal second member, such as a friend paid $1/year makes any difference. Disclosure: Single-member LLC owner. In my case, it's a purely software development company, so assets are minimal.