Structuring an LLC for Asset Protection

[Dustin Baldwin]

Hi Everyone, So I am a relatively experienced buy and hold real estate investor who is looking to partner 50/50 with someone on some different flips, and possibly larger properties. My question is this: We reside in FL. Is it worth while to incorporate us as owners of a Nevada or Wyoming LLC to own a Florida LLC? Or just make be 50/50 owners of the FL LLC? We both also have our own separate LLC's but an attorney recommended just creating another LLC as 50/50, rather than an LLP. Any help is greatly appreciated. Also, looking for recommendations of a good real estate attorney in the St Petersburg, FL area! Thanks so much! -Dustin