New
Business Trust Webinar

Business Trust Comparison

Are you now ready to formally organize your business? You have several choices and many people think about a corporation or LLC. But there’s a better way, upgrade to a Business Trust.

Only the Business Trust gives you anonymity for the business itself. You can get all of the tax benefits of a corporation and liability protections of an LLC. You also avoid the hassle of government fees and filings, resident agents, and franchise taxes. Best of all – anonymous to outsiders.

Yes

Limited Liability

Business Trust: Yes! This is an enormous benefit. You are personally not liable for the business. And the business is not liable for your personal affairs.

LLC & Corps – Sort of.

Personal liability is limited per state regulations and code. However, Corps/LLCs must remain in compliance with secretary of state and franchise taxes. Otherwise you're personally at risk.
Yes

Personal Asset Safety

Business Trust: Yes! Business assets are legally isolated from your personal assets.

LLC & Corps – Yes, but…

Unless you comply with all LLC/Corp Secretary of State formalities, your other personal assets are at risk.
Yes

Privacy of Ownership and Organization

Business Trust: Yes! There’s no public record of your personal name, address, Trustees, or of the business trust itself.

LLC & Corps – No, Sorry

Corporations and LLCs are listed in the secretary of state database, and in each state they register. Directors and Officers full name and address is required per CA regulations.
Yes

Simple to Establish

Business Trust: Yes! Your Business trust is simple to setup.

LLC & Corps – Not really.

Somewhat complex because of name reservation, government filing fees, reporting requirements, application approvals, waiting periods and often delays.
Yes

Operates in All 49 States

Business Trust: Yes! You can immediately conduct business in all 49 states.

LLC & Corps – Yes, but…

You need to register with the Secretary of State and maintain a Resident Agent in each state.
Yes

Annual Fees Exempt

Business Trust: Yes! There are no annual fees paid to the Secretary of State.

LLC & Corps — No, sorry.

Corps and LLCs must pay fees annually or biennially to Secretary of State.
Yes

Streamlined Reporting

Business Trust: Yes! There’s no required reporting or filing with Secretary of State!

LLC & Corps — No, sorry.

Corps and LLCs must meet all reporting and filing requirements with Secretary of State.
Yes

Tax Filing Options

Business Trust: Yes! You get Individual or Partnership by default, or elect Corporate classification.

LLC & Corps – Yes, but…

LLC: Yes, select Partnership, Corporate or Personal filing. Corps: Only Corporate.
Yes

Swift Setup

Business Trust: Yes! Your Business trust only takes a few hours to setup.

LLC & Corps – Not really.

Somewhat long because of name reservation, government filing fees, reporting requirements, waiting periods and often delays. Generally, it takes a month to complete everything.
Yes

Financial Flexibility

Business Trust: Yes! Your organization can make distributions or withhold them anytime.

LLCs and Corps – Yes, but…

Corporations can only distribute dividends. LLC makes distributions based upon initial agreement.
Yes

Franchise Tax Exempt

Business Trust: Yes! In most states including California so you instantly save $800 every year.

LLCs and Corps - No

Each and every Corporation or LLC must pay $800 per year in California or get their business suspended.
Yes

Anonymous

Business Trust: Yes! Only the insiders know about your business. To all outsiders, your business trust is unlisted and private.

LLCs and Corps - No

All state chartered Corporations and LLCs are public information. They are listed in multiple databases online for anyone to see.
© 2021 TrustArte. All rights reserved.
Top