BizSugar.com › Startups › Business Structures 101- Trust Business

A Trust business structure is not a separate legal entity such as a company as it is a legal relationship between a ‘trustee’ and one or more people called the ‘beneficiaries’. In this business structure a trustee holds property or assets to benefit the beneficiary or beneficiaries, if more. A trustee is legally responsible for the operation and management of a trust. Compared to other business structures, a trust can be expensive and may require a great deal of reporting and legal paperwork.....