Legal Question in Business Law in Georgia

Re: Trusts and business

No, a corporation cannot "be" a trust. A trust is a document establishing the terms of the trust, e.g., establishing what property is to be held, how it is to be managed, how it is to be distributed, etc. However, a corporation can be a party to a trust, e.g., as the Trustor (the entity creating the trust), the Trustee (the entity charged with carrying out the terms of the trust) or Beneficiary (the entity that is to receive the proceeds of the trust. Consult with a local attorney.

Re: Trusts and business

The several steps to creating a trust or corporation is well beyond the scope of this board, and your question suggests you really need to hire a professional.

Re: Trusts and business

In other words, no, a corporation is not a trust. However, a corporation may act as a trustee � a trust company.

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The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.