Can A Bulletproof Trust Create Other Entities?

Can A Bulletproof Trust Create Other Entities?

A common misunderstanding is that a business must be created by an individual. The truth is that a Bulletproof Trust may form the business from day one. Since a Bulletproof Trust can own the business, either as majority stockholder (Corporation, S or C) or as owner (LLC), this allows the Trustee to sign as the authorized representative for the Trust, making the ETO the initial shareholder or member. By having the Trust act as the initial owner, the Trust shields you from liability by making the business interest legally separate from your personal assets. This also avoids any burden of transferring assets after the company is formed.

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