Business trust

Business trust,

Definition of Business trust:

  1. Commercial organization managed by appointed trustees (who hold the title to the business property) for the benefit of one or more beneficiaries. A business trust is treated as a legal entity by the tax authorities and must have (1) a business purpose, and (2) must function as a business.

How to use Business trust in a sentence?

  1. You should try and always know every detail about a business trust so that you are never in any violation of them.
  2. The business trust was responsible for determining the terms of the negotiations that would be acceptable to all parties involved.
  3. You should try to have a strong relationship with your business trust so that they can bail you out if you need it.

Meaning of Business trust & Business trust Definition