What does business trust mean?

business trust meaning in Law Dictionary

appropriate trust put up for purposes of company, however always one that is operated into the Commonwealth of Massachusetts. They may also be named an unincorporated company organization or UBO.

business trust meaning in Business Dictionary

Commercial company handled by appointed trustees (which hold the title into the company' home) the advantageous asset of a number of beneficiaries. A company trust is addressed as a legal entity by the tax authorities and must have (1) a company purpose, and (2) must function as a small business.