Can An LLC/Corporation & Trust Have Same Name
Yes; however, the difference will be easily distinguished by the company information proceeding the name. The LLC will show as "ACME LLC" but the Trust will show as "ACME Trust" as is required by law. In fact, no company may contain the word "TRUST", "BANK" or "INSURANCE", per the Secretary of State's instructions, unless the organization is just what the word says they are - a bank, trust or insurance agency.
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Cannot Register Trust as Corporation in My State
If one cannot register the trust, it is suggested that one set up an LLC instead for business purposes and to build credit, but use the trust (and name of the trust) to take in all the money. Students in California and Texas have done this ...
How to Recover / Satisfy Properties Purchased Under LLC or Corporation Name
If a person's individual name is signing the mortgage documents, then that person can perform the recovery / satisfaction. It's not about it being under an LLC or Corporation, it's about who was listed by personal name and signed the documents.
Can LLC or Corporation Be A Grantor for A Trust
A Corporation and LLC can be grantor for a statutory trust, but not a private express trust (i.e. Bulletproof Trust). Private express trusts require a living human being to be grantor. If the goal of using these statutory entities as grantor is to ...
How To Notify IRS That Entity Is LLC, Corporation or Trust
The IRS knows what the entity is upon registration of an EIN. The number identifies the entity organization structure within their records. The business’ legal name should not contain any of the corporation name endings, such as Corp, Inc, and so ...
When To Use [Business Name] & When To Use [Business Name] LLC / Inc. / Etc.
Only when an organization asks for one's legal business name is there a requirement to add the entity-type, such as LLC or Inc. (for corporations).