Originally Posted by fuzzylogic

thank you. you not only cleared things up but gave me a lot to think about tonight.

for simplicity let's say all i have is one computer which i am using right now. it's my property but the LLC needs one to operate. if i give it to the LLC it becomes business property and no longer mine. so, if the LLC get sued the computer is added to the list of assets the LLC has. if i rent the computer to the LLC, the LLC has no physical assets in this situational example, because the LLC never bought anything and therefore has nothing to be taken except it's money in the bank.

is what i wrote above the reason this question is important?