No if I were to try to get a loan or credit card (a.k.a. a line of credit) for my LLC (which has basically zero assets), the bank or credit card company would require me, personally [edit: or someone else with assets], to cosign.<p>&quot;Perhaps you mean that sometimes those extending loans to single-member LLCs require that the member co-sign the loan?&quot; Yes.<p>As long of the funds from the loan are used strictly for LLC business purchases and purposes one should be able to keep the corporate veil in place. Even if the LLC defaults on the loan&#x2F;debt the creditor doesn&#x27;t need to pierce a corporate veil to go after your personal assets to repay the loan... they have your personal liability signature. Your corporate veil would&#x2F;should still be in place for any other transactions that the LLC is a party to.