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 successfully. Further, one can set up the trust set in one state and register it in another state to bypass any restrictions.
Related Articles
What Does The "In God We Trust" Mean on Currency
Corporations cannot reorganize, using the word "trust" without complying fully with law--mandamus to compel secretary of state to file articles, State ex rel, Osborne, Tremper & Co. v Nichols 38 W. 309. Simply put, one cannot use the word "trust" ...
What Kind of Tax Return Does One File with LLC, Corporation or Trust (Minimum Filing Requirements)
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 ...
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", ...
How Does One Register A Business
Research & Choose a Company Structure Choose a State & City - Choosing a location first is key since requirements can change state to state. Get a Commercial Address (if registering out of state - Foreign | If in-state - Domestic) Search & Choose a ...
Can One File A Corporation In Another State
Filing a C-Corp in a state one does not live in often requires a REGISTERED AGENT be on the listing. The agent can then forward any information to one's address in another state.