how to structure a partnership

[Victor Glushak]

hello i am a new investor just starting out i do not have a lot of money to invest with nor the credibility to go and ask for money from hml 

so i am looking into partnering with some local seasoned investors to get started and my question is how do i structure the partnership ...

what steps do i take to setting everything up ?

do i open an llc with both our names in there? 

or is there a simpler way 

thanks in advance for your help