depend on state law

http://www.nolo.com/legal-encyclopedia/single-member-llcs.html

Single Member LLCs and Asset Protection: A 50-State Guide

The key is not whether you use PM or not, but how you follow the operating procedure of LLC. A lawyer will tell you for a single member LLC, it is hard for owner always to do things strictly by the book. Use a PM helps because PM forces the owner to do things properly. But the ultimate test of whether LLC can protect you is whether the owner strictly following LLC's operating agreement.

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