Can The Trust Hold The License Needed (Contractor, Driver's, Etc.)
Yes, the trust can hold any license for any activity. Sometimes the laws/rules don’t allow for a trust to get a specific license. Often it's best that the trust doesn’t get the license, but it does all the banking and operating. Instead simply get the license with an LLC or another entity.
Can A Trust Have a Driver's License
A trust cannot obtain a driver's license as it does not hold a physical form. Any human, who is competent enough to pass the state exams, can obtain the operating license. A trust can own the vehicle one drives as trustee, but not the license to ...
Driver's License or Passport For Opening Trust Bank Account
It does not matter. The bank accepts both and they are equally private. If absolute privacy is required, this is where a registered banking agent comes in. Through a one-time appointment of an agent with banking privileges to open a bank account on ...
How to Run Business Through a Trust
If having a license is a "MUST" (contractor, broker, brewery, etc.), we would hold the PUBLIC COMPANY in an LLC or C-Corp (due to receiving the privilege of a license), then you can pay your trust like an “independent contractor”, thereby allowing ...
Can A 508 Ordain & License It's Own Leaders
Yes. A 508 Faith Based Organization may ordain and license it’s own leaders.
How Does One Transfer Assets (Home, Car, Etc.) Into Trust
If the Grantor is the equitable/legal title holder of the asset, it may be granted into the Trust (without a necessity for probate). No matter the asset, it can be granted into the Trust's ownership. Passing assets to heirs can be done by a ...