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My understanding is that for an LLC to provide protection the house would have to be used for purely business purposes and that there can be no co-mingling of p
by MechanicalTim 3y ago
My understanding is that for an LLC to provide protection the house would have to be used for purely business purposes and that there can be no co-mingling of personal finances. the concept is called "piercing the corporate veil". IANAL but I looked into this pretty extensively when choosing how to protect myself with investment properties.