BobKamman
Level 15
07-02-2021
12:29 AM
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@dandyboy5 "The land was put in the LLC by the attorney to protect the clients other assets from potential liability."
If the LLC gets sued for negligence, it's likely the individual owner will also be named as a defendant. That's why a good insurance policy is the best protection. A jury is going to find the LLC negligent, but not the owner? Highly unlikely. With a judgment against the owner, her other assets can be taken. What she was sold is just another way to create a false sense of security.