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by Shooter 5493 days ago
I do it all the time.

- A single LLC is probably optimal for what you are suggesting, unless one or more of the projects you will be pursuing is something that invites litigation. You would definitely want to have a separate LLC for anything that is extremely risky or that is in a litigious industry (healthcare, etc.) If your first app is just "slightly profitable", I wouldn't worry about it that much. If you add other memmbers/managers in the future you can always restructure the ownership and compensation ratios, etc. - LLCs are amazingly flexible.

- I've used series LLCs several times (in IL and DE), and it was very helpful in a couple of cases and a complete clusterfuck in another. Find a great lawyer if you opt to go that route. You DEFINITELY have to use separate bank accounts and ledgers for every series if you want to get any of the advantages of the Series LLC structure. Just trying to open Series-specific bank accounts can be an issue, surprisingly. I would only use a Series LLC again for VERY specific purposes (mutual fund companies, etc.)

1 comments

<IANAL_just_paranoid>I recommended a separate entity because of the contract coding. Protection from copyright claims with contractors is only as good as one's attorney, and therefore any contract coding potentially exposes the other enterprises within a settlement. The perfect example would be reuse of elements developed under contract for one endeavor being reused on another project which took off. </IANAL_just_paranoid>