[quote=Fearful]
– Finally, I know well about companies being created to shield the owner’s assets from liability for the company’s actions, but not the other way around. If you own a company, and creditors come after you, the company (and its assets) are part of the pool of assets the creditors come after. [/quote]
That’s a great point that I completely missed! Ownership of the home inside an LLC offers zero protection against creditors. Even worse than relatively small homeowners exemption, there is NO exemption. It would be subject to the exact same exposure to creditors as ownership of stock in a publicly traded company.
