Our company will have a consulting/contracting arm and incubate + launch new products (websites/apps).

While the looseness of LLC operating agreements would allow everything to be bundled into one LLC (and profit share + ownership of individual products/projects be defined in the operating agreement via "special allocations"), I think it would be easier to break up certain operations/products/initiatives into separate LLCs.

Series LLC's seem perfect for what we are trying to do, but I'm unsure about what the advantages/disadvantages are of a Series LLC vs opening multiple individual LLCs.

Fees? Taxes? Ease of opening new LLC's? How does ownership of the parent LLC affect management/ownership of the child LLC's?

If anyone can refer/recommend a good lawyer/consultant, I'd love to speak to an expert.

http://en.wikipedia.org/wiki/Series_LLC

http://www.limitedliabilitycompanycenter.com/series_llc.html

http://www.mayer-riser.com/Articles/business/seriesllc.htm