There are a number of reasons for forming an entity; from creating a new business, to asset protection, to estate and gift tax planning. There are various types of entities and each has its own pros and cons. These include corporations (Subchapter C and S), general partnerships, limited partnerships, limited liability partnerships, and limited liability companies. As part of my services to clients I suggest the type or types of entities that would be appropriate for the client’s purposes. In addition to forming entities for new businesses and re-structuring existing businesses, I often use various entities as part of estate planning strategies.