| ||Single member LLC|
8 points by aedr 887 days ago | 12 comments |
|I am looking into setting up a single member LLC. While doing my research, I've come across a few articles where the corporate veil was pierced for SMLLCs for various alter-ego reasons (e.g. not filing an 8832 with IRS which I found surprising). I do have a meeting with a lawyer set up next month but want to be as knowledgeable as possible before I go there.|
1- Do you have any ideas/links about the safest way to set up a single member entity that would shield me from personal liability? I live in WA if that is relevant.
2- If I incorporate/LLC in say Nevada/Wyoming (which seem to have good SMLLC protection), but still do my business, foreign register and live in another state (WA), which law would typically be applied if I'm sued externally by (a) someone in WA, (b) someone in NV or (c) someone outside of both. i.e. do I really get any protection incorporating/LLC-ing outside my home state or will the states apply their own laws making it moot?
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