This makes LPAs an attractive entity to use for estate planning purposes, because the LPA is intended to outlast its owners. There are advantages and disadvantages to each of the available forms of business organization. However, the existence of a wide variety of new types of entities has created new planning opportunities. Gary S. Joiner is a shareholder in Frascona, Joiner, Goodman and Greenstein, P.C. , a Colorado law firm. Information is not provided as advice for a specific matter, nor does its publication create an attorney-client relationship.
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