Is my CPA correct?
I have a single member LLC in FL.
I was discussing with my CPA how to make sure I have the LLC protection and whether I should make my LLC a 2 member LLC (Husband and wife) based on the following I read on the internet:
Unfortunately, a 2010 Florida Supreme Court case (Olmstead v. Federal Trade Commission) found that the charging order limitation did not apply to single-member LLCs in Florida. This means that any Florida single-member LLC is not treated by the court system like other LLCs, but instead like a sole proprietorship.
However, based on his comments below, it appears that even a 2 member (H+W) LLC is not safe and not given the LLC protection.
If you are the only owner (or with your spouse) and do not have other shareholder or partners, there is no LLC or corporation that will keep an attorney from suing you personally, as an officer, and as a director in addition to suing the entity.
So how does a 2 member - Husband and wife LLC get the LLC protection?