Can A Trust Be Shareholder for C-Corporation

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• Can A Trust Be Shareholder for S-Corporation

  No. S-Corps are restricted from having a shareholder that is a private irrevocable express trust (i.e. Bulletproof Trust). Only a Testamentary Trust, Voting Trust, Electing Small Business Trust (ESBT) or Qualified Subchapter S Trust (QSST) can be a ...

• Can a Trust Start a C-Corporation or S-Corporation

  Yes, a trust (with an EIN) can start a C-Corporation, but not an S-Corporation. S-Corporations do not allow trusts these same rights. The trust cannot serve because only a natural [living] person can serve as a corporate officer. Although a private ...

• Can Operating Trust Take Place of C-Corp, LLC or S-Corp

  Yes, Operating Trusts can take the place of a C-Corp, S-Corp or an LLC in a trust web structure, and vice-versa.

• Should One Turn an LLC Into A C-Corp

  A C-Corp offers much better protections over an LLC (LIMITED Liability Corporation); the primary word being "limited" which declares it to not be fully shielded from larger lawsuits. There is still a liability if a lawsuit goes over ~$250,000 ...

• Is A Corporation Necessary (or) Is An Operating Trust Better Than A C-Corp

  A C-Corp is not necessary, but serves in lieu of an Operating Trust. A C-Corp is highly recommended for students with a business that earns $100,000+ a year. The upsides to a C-Corp is the ability to have a CPA file any taxes that may occur for a ...