“Doing your Business” in a Trust
Letting a Trust Hold Title
When I said you can hold “ANYTHING” in trust, I was serious. Here's an example:
I raise and show AKC Miniature Doberman Pinchers. The American Kennel Club (AKC) is a company which registers and keeps records on dogs all over the world and since their records are available online I decided to maintain my privacy by registering my dogs in the name of a trust. You could create a trust called the Min Pin Family Dog Trust and the trust could be the registered owner of a dog.
This trust could be in the business of breeding, selling and showing dogs for a profit and in conducting such business may open a checking account, receive a debt card, apply for credit, receive money from buyers, lease kennel space, purchase signs, acquire a phone and advertise in the Yellow Pages. The beneficiary (you) does not have to be disclosed and is protected from all liability.
The same idea can be used in the real estate business, car business or any other form of business where an individual may want to protect their privacy or identity.
For more information, please visit our website.
Greg Gardner - Director
Asset Investment Trust
112 S. Main St,
Clover, SC 29710
877-567-2513 (Ext 101)