Q: If you already have an LLC and you create a new unique product - is it better to set up a new LLC to separate it?
I am wondering about legal protection and how it works with legal issues. If an issue surfaces and you have multiple LLCs do they all get called into court since your name as a member is on all of them - is there really any more legal protection with a LLC vs ones that already exist?
A:
No, the LLCs are separate, if you have kept them separate with different bank accounts, addresses, etc.
If your new product can be protected because of its new process (it does something that no other product does) perhaps your protection is not from the type of structure but in intellectual property rights. So maybe you need a patent, copyright or trademark.
Sounds like you need a legal consultation.
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