Posted by Rob FL on April 06, 1999 at 06:48:08:
The life story of LLCs has really just begun due to newer state laws and IRS rulings, so many people still use the LPs and S-corps. I happen to have an S-corp myself but that will be convereted to LLC in the future. Read some of Bill Bronchicks articles on the subject.
Also, here is another interesting site on the subject:
www.esclaw.com/llcarticle.htm (Of course this pertains to Florida–where I am)
You are right than many people still recommend the other entities. But times are a changing.