Well, as I have learned, anyone can sue you at any time. I could file a lawsuit against you right now, and you'd have to answer it in court. I've also learned that there are no absolutes. An LLC/S-Corp/C-Corp does not offer absolute protection, but it's not worthless either. There are "tests" that pass or fail, and that determines your individual liability.
In our case, the impression I have developed is that if you're acting in the course of business, and you're acting in good faith, your corporation stands a good chance of protecting you. If you set up a corporation for the purposes of protecting yourself while screwing people over, your corporation probably will not protect you. The possible number of scenarios is far to broad to express as a "protection/no protection" dichotomy.
In our case, the impression I have developed is that if you're acting in the course of business, and you're acting in good faith, your corporation stands a good chance of protecting you. If you set up a corporation for the purposes of protecting yourself while screwing people over, your corporation probably will not protect you. The possible number of scenarios is far to broad to express as a "protection/no protection" dichotomy.