[Mikey P]

One more thing in regard to LLCs and asset protection… It is a common misconception that an LLC is bulletproof from lawsuits. There is a legal term referred to as “piercing the veil,” that refers to a lawsuit being able to get at the individual behind the LLC/corp/etc. It is up to the individual to do their due dilligence in keeping the LLC/corp as completely separate as possible , i.e. separate bank accounts, liability insurance, etc. That way, in the courtroom, it doesn’t just look like someone is trying to hide from “the law.”

*disclaimer* I am not a lawyer, but have an LLC and have spent a lot of time managing it.

good luck,
Mike