The Tender For Law

Volume 4

Dec 05, 2013 10:31 PM

Stuart Stone

Me too...

I think the Corporation becomes the holder of the trust (this is who Scott referred to as the person you can trust...you created them & made yourself sole shareholder and/or director)...the shareholders are the ones who extract value from the trust (beneficiaries)

The Board of Trustees are the same roles as the Board of Directors of a corporation (I think).

The shareholder(s) vote on and instruct the board of Directors/trustees as to the policy of the trust/corporation....but the shareholders carry no liability for the actions of the corporation & the director(s) carry limited liability.

You can wear more than one hat for this process