Business strategies

[Brian Schroeder]

I'm thinking about opening an LLC in Nevada or Wyoming, for asset protection. I'm currently living in Illinois (land of sue everyone for anything you can think of), so I was planning on starting a limited partnership with the LLC being the general partner, and myself being a limited partner. The reason for this is, right now I'm acting as a handyman for a four plex. I figure that I would like to be protected if I should get sued. with a limited partner that would protect me, I think. plus I would like to buy and fix houses, I would hold them for a year renting them CFD or financing them myself. that I would need another entity. (LP) I'm also thinking about sell coins on E-bay mainly for the sales and financing opportunity's.

OK, my question is, would it be smart, since I'm looking several business, starting out with one LLC to act as General partner to all the different businesses as LP's LLC as general partner and me as a limited partner in

construction LP
real estate investment LP
coin dealer and financing LP
That is to start, if any one business takes off I will create a LLC just for that one business so the other LP can't touch the asset of the thriving Business.
any thoughts would be appreciated. Thanks Brian