The vast majority of business owners use either a corporation or limited liability company (LLC) as the vehicle to operate their business. Because both corporations and LLC extend limited liability and are separate from their owners, they are good business choices. However, business trusts, although a lesser-known option, are an equally good choice.
Business trusts fill some unique needs and might be a good choice, especially for real estate-owning businesses.
Trevor Brewer, Business Attorney
While business trusts offer the same limited liability and operate as separate entities to conduct business, they also differ significantly in three ways: they bring a higher level of privacy, require less compliance, and provide a good estate planning tool. In this guide, we will discuss what is a business trust and how to use it.
High Frequency Radio