Even though the owner of a limited liability company (LLC) is generally protected from a lawsuit originating from inside of an LLC — the legal disaster cannot usually harm the LLC owner, as I wrote about in my previous article, Limited Liability Companies (LLCs): How Assets Are Protected — the LLC itself is not protected from a lawsuit originating from outside of the LLC, or against the LLC owner personally.
Put differently, a personal lawsuit can come downstream from the LLC owner or their family (sometimes called “reverse veil piercing”), permitting the judgment creditor who wins the litigation to recover any property that the losing side owns, and the winner of a lawsuit can even recover against the assets of an LLC that is owned by the loser of a lawsuit.
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