 
WHY IS A TRUST BETTER THAN A CORPORATION?DifferencesA Trust is more privateA Trust costs lessA Trust is more flexibleA Trust can be set up instantlyA Trust is legal in all jurisdictions without permissionA Trust is usually not required to be registeredA Trust does not require renewal fees annuallyA Trust does not have to disclose directorsA Trust can change management easilyA Trust continues after death or incapacityA Trust may not have to file tax returnsA Trust can change beneficiariesA Trust can be a low cost starter organization to begin a businessActually, a trust is not always better than a corporation. There are some situations where a corporation or an LLC may be expected. For instance, it may be easier to operate a retail store that requires city licenses. Some typical business documents are presented to corporate officers and might ask for a corporate styled signature.  |