Many people believe that forming a single-member LLC for their real estate investment business, rather than acting as a sole proprietor, will effectively protect their assets. However, there are several reasons why choosing a single-member LLC as the legal structure of your real estate investment business may not be the best option. Consider the following:    A court may be able to ‘pierce the veil’.  If a court decides that the LLC and the individual owner are not really two distinct entities, it may ‘pierce the veil’—that is, put aside the limited liability—and hold the single-member owner responsible. Specifically, a court must find:  Unity of interests;  
Read More