[cstejerean]

It's not that you escape liability, it's to limit liability to just the company without extending to your other personal assets. However it's not that simple in the US either and there are many ways for someone to pierce the liability protection shield offered by an LLC, especially a single member LLC, and even more so in situations where you aren't very diligent in maintaining a strict separation between your company and personal finances.

[csomar]

I'd like to see some proof of this. Because the court says it's not bullet proof. If you do something reckless (like dodging taxes on your LLC and naming your wife as the CEO), you'll be facing jail.

So an example of cases on how the LLC is useful in protecting you is needed.