perhaps, but attorneys have made it such that any developer that doesn't buy different properties/ homes/projects in different LLC names is a complete moron. if one were to buy properties all in the same name whether personal or a single LLC, the liability on one property can take down EVERYTHING else. a medical student walking by that gets a load of bricks dropped on him because the brick mason didn't secure his platform securely would be just the type of freak accident that would put a developer in the poor house even if the liability really shouldn't be tied to the developer who had no role in the screw up, in this scenario.
additionally, without the LLC any lawsuit, no matter how frivolous, can attach to one's personal belongings/home. not fair or fun.
I agree overall that lawsuits capable of ruining people, except for gross acts of negligence, shouldn't be allowed or a concern, but in the current clown world we live in they are
perhaps, but attorneys have made it such that any developer that doesn't buy different properties/ homes/projects in different LLC names is a complete moron. if one were to buy properties all in the same name whether personal or a single LLC, the liability on one property can take down EVERYTHING else. a medical student walking by that gets a load of bricks dropped on him because the brick mason didn't secure his platform securely would be just the type of freak accident that would put a developer in the poor house even if the liability really shouldn't be tied to the developer who had no role in the screw up, in this scenario.
additionally, without the LLC any lawsuit, no matter how frivolous, can attach to one's personal belongings/home. not fair or fun.
I agree overall that lawsuits capable of ruining people, except for gross acts of negligence, shouldn't be allowed or a concern, but in the current clown world we live in they are