definition of businessBusiness Trustofficers from all over the West Coast reported to me.
A business trust is similar to a traditional trust in that its trustees are given legal title to the trust property to administer it for the advantage of its beneficiaries who hold equile title to it. A written declaration of trust specifying the terms of the trust, its duration, the powers and duties of the trustees, and the interests of the beneficiaries is essential for the creation of a business trust. The beneficiaries receive certificates of beneficial interest as evidence of their interest in the trust, which is freely transferable.
In some states, a business trust is subject to the laws of trusts while, in others, the laws of corporations or partnerships govern its existence. The laws of each state in which a business trust is involved in transactions must be consulted to ensure that the trust is treated as an entity whose members have limited liability. If the laws of a particular state consider a business trust to be a partnership, the beneficiaries may be fully liable for any judgments rendered against it. The trustees of a business trust are liable to third parties who deal with the trust unless there is a contract provision to the contrary, since they hold legal title to the trust property and may sue and be sued in actions involving the trust. They may, however, seek indemnity from the trust property and possibly from the beneficiaries.
Southeast Asias Largest IPO Hutchison Port Holdings Trust Listed on Singapore Exchange
comprising investments in golf course assets in Japan to be listed on SGX.
Business Valuation and Forensic Litigation Services Center
The use of a business trust, also called a Massachusetts trust or a commonlaw trust, originated years ago to circumvent restrictions imposed upon corporate acquisition and development of real estate while achieving the limited liability aspect of a corporation. A business trust differs from a corporation in that it does not receive a charter from the state giving it legal recognition; it derives its status from the voluntary action of the iniduals who form it. Its use has been expanded to include the purchase ofSecuritiesand commodities.
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focused on investments in golf course assets in Japan.
THE BANK OF CALIFORNIA RESTRUCTURES TRUST UNIT, REASSIGNS JENNETTE TO LOS ANGELES
FLP litigation have Strangi and Bongard provided clarification, guidance on FLPs?
and custody business on the West Coast, stated Piet Westerbeek, senior vice president and director of the
million may end liquor store quarrel; Yankee Spirits suits nearing settlement
the trusteemanager of Accordia Golf Trust, said Accordia Golf Trust is the first
reduces its income by claiming deductions for payments to the equipment trust.
Business Travel Agents Association of Australia
Union Bank of California to Acquire Imperial Trust Company Business Portfolio
The Radio Scotland presenter launched BT Scotlands Young Entrepreneurs Scheme and the Princes Scottish Youth
The HPH Trust is the worlds first publicly listed container port
that held substantial amounts of the stock of DuPont and Exxon.
United States SGX welcomes Accordia Golf Trust to Mainboard
then makes payments to the trust unit holders that purport to reduce the taxable income of the trust to a point at which little or no tax is due.
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An unincorporated business organization created by a legal document, a declaration of trust, and used in place of a corporation or partnership for the transaction of various kinds of business with limited liability.
Profits and losses resulting from the use and investment of the trust property are shared proportionally by the beneficiaries according to their interests in the trusts.
Brascan SoundVest Focused Business Trust Announces New Monthly Distribution Date
Business Valuation and Litigation Services Group
The property of a business trust is managed and controlled by trustees who have a fiduciary duty to the beneficiaries to act in their best interests. In many states, the participation of the beneficiaries in the management of the property destroys their limited liability, and the arrangement will usually be treated as a partnership.
The Tax Court held that there were legitimate and significant nontax purposes for the formation of two Delaware
Business Trust Equal Weight Income Fund Declares Distribution
This acquisition supports Union Bank of Californias strategic goal of being a major player in the
The lawsuit claimed Michael as the sole owner of Yankee Spirits and the sole trustee and beneficiary of YSI
Business Travel Agencies Association of Russia
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A business trust is considered a corporation for purposes of federalIncome Taxand similarly under various state income tax laws.
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