{"id":4542,"date":"2021-09-10T12:37:15","date_gmt":"2021-09-10T17:37:15","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/business-operations\/business-trust-definition.html"},"modified":"2024-06-06T02:05:27","modified_gmt":"2024-06-06T07:05:27","slug":"business-trust-definition","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/business-operations\/business-trust-definition.html","title":{"rendered":"What Is a Business Trust?"},"content":{"rendered":"\n
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What Is a Business Trust?<\/h1>\n
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\n By Tim Kelly, J.D.<\/a> | Legally reviewed by J.P. Finet, J.D.<\/a>\n | Last updated\n
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Business trusts are unincorporated business organizations (UBOs) created for the benefit and profit of their shareholders, known as trustees. Managers of mutual funds frequently employ business trusts.<\/p>\r\n

Business trusts are sometimes referred to as "common-law trusts" or "Massachusetts trusts," after the state in which they are most common.<\/p>\r\n

We make business formation EASY. Click here to start your free LLC.<\/a><\/b><\/p>\r\n

Key Takeaways<\/h3>\r\n