Personal Money Vs Corp Or LLC Money
The Corp or LLC is called an entity in and of itself. Thus it can function much as an individual person can.
When we REHAB in an LLC name to protect our personal assets and money from liabilities, this ONLY works if we have not breached the viel of security between the personal name and the LLC name. The most common breach is using paint money to by groceries or vice versa. Do we not also breach this veil when we use HELOC money (personal money) to Purchase or REHAB a property which is in an LLC name? How do we prevent this from happening? Why is mortgage brokers urging the use of HELOC money, if it is risky?
Commercial MONEY St Louis
DOBroste
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