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Commercial landlords and tenants typically gravitate to the LLC as a preferred form of business organization. Another choice is a trust. State laws in Delaware, Illinois and Massachusetts, among many others, mean “putting a property in trust” can have myriad meanings:
Management choices differ depending on whether the trust statute refers to corporation law or trust law. State and federal trust taxation laws are complex but create many planning opportunities.
Ask your legal counsel and tax advisors about trusts and be prepared for a potentially fruitful discussion. An investment trust, remediation trust, special purpose trust or one of the trusts listed above may fit your situation perfectly.
For more information on property trusts, contact Rick at firstname.lastname@example.org or 603 623-8700 ext. 8829 or 207 774-1200.