District of Columbia Reorganization of corporation as a Massachusetts business trust with plan of reorganization
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How to fill out Reorganization Of Corporation As A Massachusetts Business Trust With Plan Of Reorganization?
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FAQ
Massachusetts trusts (also known as common-law trusts, business trusts, or unincorporated business organizations) are a unique type of trust used by individuals to run a business outside the normal legal entities such as a corporation or partnership.
You can fill out the Massachusetts Certificate of Organization (called ?Articles of Organization? in many states) and mail it in or use the online portal to submit your paperwork. You'll be responsible for paying a $500 filing fee if you file by mail and a filing fee of $520 if you file online.
It's typically one individual serving as a trustee of a business trust. At the end of the trust's length, the business interests transfer to its beneficiaries. Business trusts are treated as corporations and may conduct business transactions just like individuals.
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.