Can LLC or Corporation Be A Trustee

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• 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 ...

• Can An LLC Be Converted Into A Corporation

  Yes. Most states allow LLCs to be converted to a corporation by the simple filing of documents with the state, these documents essential merge the two entities into one. At the time of the conversion the LLC by operation of law becomes a corporation ...

• Is Buying an Aged LLC Like Buying a Shelf Corporation

  Yes, buying an aged LLC is like buying a shelf corporation and it is not recommended.

• Double Taxation with Corporation (C-Corp) vs LLC

  Double taxation for a corporation is only valid if one does not redeem in lawful money. The benefit of having a corporation vs an LLC is the corporation DOES NOT pass through any liability; whereas, an LLC will pass through liability, thus it is ...

• Will A 'Closely Held Corporation' Affect The Status of The Corporation / LLC

  No, this status called a 'closely held corporation' is merely a corporation owned by an individual or small group of shareholders (often of the same family) with the majority of its shares owned by a few individuals. In other words these shares are ...