Why bother with LLC obligations, state registration, publicity, fees and risks when you can use a Business Trust? This video explains.
Limited Liability Companies are popular due to their ability to protect your personal assets from business risks. But do you actually need an LLC? Only if your business can send people to the emergency room or if you have investors. Few ever think about this practical question.
An LLC is a hybrid organization that includes combined features of a corporation and partnership. You get reduced reporting requirements, tax options and financial flexibility.
But remember that your LLC requires Secretary of State registration. This means your manager, address and resident agent for legal service are all posted online for busybodies on google.
What if you want all the LLC benefits without the SOS and online visibility? Then use a Business Trust because they're unlisted. They're ideal to anonymize public records and for private investing. Savvy investors have caught on. What about you?
Check out our e-Seminar to learn more.
@Trustarte
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