How Does One Operate A Business with A Trust - Can Trust Own Business

How Does One Operate A Business with A Trust - Can Trust Own Business

A Bulletproof Trust can own the business, either as majority stockholder (Corporation, S or C) or as owner (LLC). To transfer the business into the trust, simply sell the asset (company and equipment) for $1. The alternative is to have the Bulletproof Trust hold a UCC-1 Lien over the business, so if there were ever a lawsuit - the trust would liquidate all assets to obtain its debt. This follows the Debtor's Rule: First in line, first to be paid. Meaning that anything leftover after the trust liquidates the businesses assets, then goes to pay off any other creditors/lawsuits next in line (usually leaving nothing for them).
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