what are the best type of organizations? That is, what should you reccommend if someone comes to for advice
LLP & LLC are the best options. This is b/c all owners are shielded from vicarious liabilty (this is not the case w/ a GP or LP). There is flexible management (all owners can exercise control, unlike w/ a LP which will impose liability upon control by a limited partner). There is less tax to pay b/c income is passed through to the owners, unlike a corporation which is subject to DOUBLE TAXATION (corp. pays, shareholder pays). If you are in the wrong form, you can solve this by CONVERSION OR MERGER. Change the status of the entity via approval & filing appropriate documents.