Yes, however you must maintain separate accounting books for each. If you simply use them to shift money around you could create additional liability.

It also depends on what your seeking to accomplish. Typically if the Corp had LLCs they have different partners in each or different sets of projects or products. For example a home builder might structure several LLCs (Home Sales Phase 1, LLC then Home Sales Phase 2, LLC) whereas each LLC will be funded by a different round of fund raising and build 20 homes each in a master community of 100 homes.