How it works
Trustees manage business assets under a declaration of trust; beneficial interests may be represented by certificates or units. Recognition, liability, and tax classification vary widely by jurisdiction.
Common uses
- — Holding commercial property
- — Pooled business ventures
- — Some succession structures
Key considerations
- — Not universally preferable to an LLC or corporation
- — May be taxed as a corporation or partnership depending on activity
- — Some jurisdictions treat unregistered business trusts as partnerships
Educational content only. Not legal, tax, or investment advice. Trust law differs by jurisdiction. Consult qualified professionals before acting.
← All trust types