Good afternoon. If you treat the entity as a separate entity, it is a limited liability entity and it is very difficult task to pierce the corporate veil. It makes no difference if the LLC was formed for the sole purpose of a particular activity. In fact, most LLC's are single-purpose entities formed solely for such purposes. Your insurance agent should stick to the insurance business....insurance agents are biased anyway because this eliminates the need to purchase insurance and thus he doesn't get his commission.
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