Power of the trustee should be limited by the trust

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power of the trustee should be limited by the trust contract, and it is difficult to establish and maintain long-term stable trust. At the same time, when borrowing, you will encounter problems caused by the complexity of the loan structure. Company A company is an independent legal entity controlled by shareholders or directors. This business structure sometimes lies in the company's advantage of providing limited liability to shareholders. The normal types of companies are private limited companies that cannot raise funds from the public through stock issuance and listed companies that raise public funds by listing on the stock exchange. The company's strengths include: Shareholders have limited responsibilities and can transfer ownership by selling shares to the others while enjoying a more favorable tax rate. At the same time, the company will get more resources. However, this form of business structure has high requirements for the establishment and maintenance of the company, and the profits that need to be distributed to shareholders are taxable. And directors who cannot be able to perform legal obligations must take their personal responsibility for their debts. At the same time, due to the need for financial disclosure, the company will be subject to more supervision, and the society has high requirements for company reporting.
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  • Fall '19
  • Corporation, partner, joint venture, individual company

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