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D1 definitely doesn't have good nuance on how LLCs work. In theory he's right but if proper corporate health is not maintained a semi-decent plaintiff attorney will be able to pierce the veil and get the owner.
If you want to have real protection it's not enough to create the llc but you need to be careful how you do it. Keeping funds separate (and documenting when you're adding cash to the llc) is probably most important but I'm not super up to date in this area
I’m pretty sure most benefits of having property in LLC have been whittled away. This is a good example. The liability protection is not great either D1
do you now need to register the foreign DE holding company in CA (and with that again file a Statement of Information) because owning real estate here through the subsidiary is considered “doing business” in CA?
Is the solution to this to have a trust own the LLC instead of a DE LLC holding company? In that case you do not have to disclose who owns the trust. What type of trust would be the best in that situation?
If the property is held by the LLC, you can’t be sued personally. That is the whole point of setting up an LLC for investment properties.
Just use the LLC and get liability insurance for extra protection.
If you have a non- family partner, they work. If not owners get the same tax/legal benefits. For anonymity, have a lawyer create it and maybe even use an out of state address where the attorney is listed not you.