I recently set up an S-corp with my mom to transact real estate and it is a 50/50 partnership. I am now concerned because I am being pursued by a bank

These are always difficult questions.  There are a lot of facts that need to be discussed, but it can be difficult to find a successful strategy to protect your assets when you have a judgment against you, or possible.  The creditor will likely be able to reverse any asset protection transaction taken after it was a creditor or a known possible creditor. An S corp is not a good asset protection vehicle.  A multi member LLC may be a little better depending on what you are trying to accomplish.  Whether you can now switch and gain any asset protection is probably still an open question. These matters can be expensive, and there is normally no guaranty of any positive results.  They are very fact and creditor specific. This is specific to Florida law and does not constitute legal advice as the facts presented are anonymous and incomplete. This is intended for general education only and does not create an attorney-client relationship. This should not be relied on and you must seek your own attorney client relationship.