Posted June 20, 2024 by James Billings
The Limitations of Traditional Business Structures
Clients turn to me because they are disillusioned with traditional business entities like corporations and LLCs. They seek alternatives that bypass the bureaucratic red tape, excessive taxes, and public exposure.
Recognizing the Pitfalls of Corporations and LLCs
It’s a common revelation among my clients that their previous understanding of corporations and LLCs is flawed. Prompting them to search for less painful and problematic business structures.
The Appeal of Business Trusts
What is a Business Trust?
A business trust, also known as an unincorporated business organization, offers a way to operate with enhanced privacy and limited bureaucratic interference. Unlike corporations and LLCs, a business trust does not require registration with the Secretary of State, reducing visibility and administrative burdens.
The Practical Benefits of Using Business Trusts
Business trusts provide numerous advantages, including minimal internet visibility, the absence of franchise taxes, and the elimination of the legal mandate to maintain formal records—often associated with corporations.
Personal Experience and Expertise
With over 21 years of experience in using and advocating for business trusts and Realty Land Trusts, I have seen firsthand the benefits they offer. I share examples of how these trusts have successfully shielded assets from public scrutiny and legal vulnerabilities.
A Real-World Example
I describe how a client utilized a Realty Land Trust to secure a multi-million dollar winery estate in St. Helena, California, achieving significant privacy and tax savings across multiple LLCs.
Conclusion: The Future of Business and Asset Protection
Business trusts represent a forward-thinking solution for business owners and investors who prioritize privacy and efficiency. They stand as a testament to the need for innovative approaches in asset management and protection.
Get your free copy of the LLC versus Business Trust comparison chart here.
If you have any questions, please contact James Billings, founder and owner of TrustArte, at james@trustarte.com or 619-537-8625. Visit my YouTube channel for video content.