Business lawyers are often asked to advise clients on what type of entity they should form for their business transactions. Under the Tax Cuts and Jobs Act, which became effective for tax years commencing after December 31, 2017, corporate and individual tax rates were changed and a new deduction under Code Section 199A was implemented for owners of certain pass-through entities. Consequently, the analysis for determining what entity is most advantageous from a tax standpoint has changed. The program will discuss the changes made by the TCJA that influence the selection of business entities, as well as touch on the non-tax issues that may be relevant.