Can LLC or Corporation Be A Grantor for A Trust

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 protect their assets, it is better to put the entity or business itself into the trust. For an LLC, the trust would be made (sole) owner. For a C-Corporation it would be the (sole) shareholder, with any trustee(s) being listed as the corporation's officer(s). For an S-Corporation a private express trust may not own any shares, but trustees may serve as officers of the corporation. Speak with an attorney to explain the available options.

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