This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Massachusetts business trust" – news · newspapers · books · scholar · JSTOR(December 2010) (Learn how and when to remove this message)
This article is part of a series on
Corporate law
By jurisdiction
Anguilla
Australia
BVI
Canada
Cayman Islands
India
South Africa
UK
United States
Vietnam
European Union
France
Germany
General corporate forms
Company
Conglomerate
Cooperative
Corporation
Holding company
Joint-stock
Partnership
General
Limited
Limited liability
Private limited
Shell corporation
Shelf corporation
Sole proprietorship
Corporate forms by jurisdiction
European Union
Societas(SE)
Societas cooperativa(SCE)
Societas privata(SPE)
Societas unius personae(SUP)
Economic interest grouping (EEIG)
UK / Ireland / Commonwealth
Charitable incorporated organisation (England and Wales) (CIO)
A Massachusetts Business Trust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO. Business trusts may be established under the laws of other U.S. states.
Many businesses are formed as MBTs to mitigate taxation; mutual funds in the U.S. are often structured as MBTs, though sometimes they are organized as Maryland corporations (or other states such as Minnesota). More recently, a Delaware statutory trust or DST has become a popular form of organization, and many new funds have been organizing as DSTs and existing funds converting to DSTs. Since mutual funds are investment companies and not operating companies, many traditional corporation rules and requirements do not fit them well.
During much of the 20th century the tax laws and state regulations strongly favored corporate structures. Tightening laws near the end of the century resulted in the resurgence of the use of the UBO. For example, in 1985 the Scudder Capital Growth Fund, Inc., and Kemper Money Market Fund, Inc., changed their forms of organization from a corporation to a business trust.
and 25 Related for: Massachusetts business trust information
A MassachusettsBusinessTrust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth...
Businesstrust may refer to: Trust (business), an American English term for a large business with significant market power Massachusettsbusiness trust...
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any...
investment trusts (REITs), and mutual funds. Massachusetts, another state that has trust law, refers to its legal entity as a Massachusettsbusinesstrust. Most...
to a corporation (for example, being responsible for any money held in trust for another person, e.g. sales taxes not remitted to a government), those...
recent years, almost all business corporations have been chartered to allow them to transact any lawful business. The Model Business Corporation Act of the...
(attribution of the family home to the assets of the husband) by applying trust law. Nevertheless, Prest v Petrodel is generally assumed to state the current...
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is...
opportunity to bid on contracts. Some jurisdictions require that a company be in business for a certain length of time to have this ability. To show corporate longevity...
authorities. Shell companies' legitimate business purposes are, for example, acting as trustee for a trust, and not engaging in any other activity on...
relations, and conduct of persons and organizations engaged in commercial and business activities. It is often considered to be a branch of civil law and deals...
controls an interest in a legal entity or arrangement, such as a company, a trust, or a foundation. Legal owners (i.e. the owners on the record), commonly...
register it, you must pay an accountant to research the name of your future business to check if it was not already registered, then the accountant contacts...
the assets of the business are owned on behalf of all partners, and they are each personally liable, jointly and severally, for business debts, taxes or...
creditors or security holders of the company during its normal course of business or existence. Unlimited companies are found in the United Kingdom, Ireland...
and the articles of association have to be notarized, as do a number of business transactions, such as transfer of shares, issuing of stock, and amendments...
to attract businesses from New York, Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses. The group that...
of organizations in the jurisdiction they operate under. A statistical business register has a different purpose than a company register. While a commercial/trade...
"Former SC judge Justice Ashok Bhushan takes charge as NCLAT Chairperson". Business Standard India. 8 November 2021. Retrieved 4 April 2022. "Govt seeks applications...
constitution. The AoA defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control...
(publ.) after the business name in the articles of association and elsewhere", unless it is clearly understood from the company’s business name that the company...
of the Code of Obligations, Article 620. Article 950 specifies that the business name must indicate the legal form. German AGs have a "two-tiered board"...
Merrick. American Business Corporations Until 1860, with Special Reference to Massachusetts (1954) DuBois, A. B. The English Business Company after the...
Global Information
