Re:Ask HN: Using an LLC to protect side project IP
by FounderBurr on Sunday March 13, 2022 @01:56AM
(#30658671)
No. In court your single member LLC is going to be treated as being effectively you.
[ Parent
| on HN ]
Re:Ask HN: Using an LLC to protect side project IP
by jb1991 on Sunday March 13, 2022 @04:02AM
(#30659025)
Said with an air of authority despite plenty of evidence that single person LLCs have a veil that is not pierced by the law.
The proper answer is, consult the precedent of prior cases in your state, that will tell you how strong the LLC holds up in any particular jurisdiction. A lawyer in your area will also know this better than a lawyer in other areas. It’s not a one-size-fits-all answer, and in general the LLC typically holds up well. Regardless of the number of members.