Single Member LLC Illinois legal protection

randylewiskemp · Jul 28, 2010

What is the name of your state (only U.S. law)? Illinois
In the state of Illinois, does a single member LLC offer legal protection (or only for an LLC with more than one member)? The book Limited Liability Companies For Dummies by Jennifer Reuting (available at Amazon or via local USA public library) takes a negative viewpoint.

Zigner · Jul 28, 2010

randylewiskemp said:
What is the name of your state (only U.S. law)? Illinois
In the state of Illinois, does a single member LLC offer legal protection (or only for an LLC with more than one member)? The book Limited Liability Companies For Dummies by Jennifer Reuting (available at Amazon or via local USA public library) takes a negative viewpoint.

It would be VERY VERY easy to pierce the veil on such an entity...

seniorjudge · Jul 28, 2010

So do I.
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Single Member LLC Illinois legal protection

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randylewiskemp

Junior Member

Zigner

Senior Member, Non-Attorney

seniorjudge

Senior Member

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