Business Trusts

A business trust is a hybrid form of legal entity status combining attributes of a corporation, limited liability company and a trust. It is well documented in both Massachusetts and Florida. It is commonly used for the purpose of holding property for income purposes.

Business Trusts

Business Trusts

The common law definition of a business is an investment of capital or property by individuals which creates the means to carry on towards the goal of generating a profit.   Every state recognizes different legal formats to conduct business.   The simplest and most common is the sole proprietorship .   Other forms include partnerships, limited liability company and of course corporation status (S-Corporation is a federal tax option of a corporation).   However, two states actually recognize another legal format - business trusts.

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