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.
Related Articles
Can a Trust Start a Corporation
Yes, a trust can start a corporation. The trust can be a shareholder or even the sole shareholder, and the trustee can be the originator of the corporation. However, any corporation will need to list at least one public person as a corporate officer. ...
Can LLC or Corporation Be a Grantor
Yes it can be. If the LLC or Corporation is the grantor of the trust, it would not own the trust assets and could not directly control them. Further, one would lose the asset protection benefits provided by an LLC or Corporation. It is often better ...
Can a Corporation Have The Same Name As The Owner
C-Corps can have any name, even that of the owner. The suggestion to NOT name an entity after an owner/trustee/grantor only applies to a trust so it's not seen as a Grantor/or/Family Trust.
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 ...
What Kind of Tax Return Does One File with LLC, Corporation or Trust
IF IT IS PERSONAL: A Form 1040 is used to report any personal income (consult a CPA to learn which form is right for the situation). One may not need to file for their person if they did any of the following: Redeemed in lawful money all year As an ...