Business entities can be formed with the stroke of a pen, and many times clients and their professional advisors opt for the tried and true when there could be a better option available. This session will discuss how to select the best form of entity for your clients’ business ventures, with a particular focus on the legal issues, tax attributes, benefits and pitfalls of each. This session will include coverage of common pass-through entities such as the limited partnership, limited liability and S-corporation. Tax issues covered will include federal income tax and employment tax considerations as well as local tax considerations for Massachusetts businesses. This discussion of tax issues will track the lifecycle of the business venture, illustrating how the choice of entity problem governs the growth, operation and ultimate disposition of each form of business entity.