DelawareLawOffice

ofLarryD.Sullivan,Esquire

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DelawareBusinessTrusts
Home BenefitsofDelawareStatutoryBusiness
Services Trusts
CorporateLaw Therearemanybenefitstousinga
DelawareBusiness DelawareBusinessTrusttoholdassets
Trusts overotherlegalforms,andifyouare
consideringusingaBusinessTrust
EstateLaw createdunderDelaware'sstatutorytrust
WillsandTrusts laws,wewouldliketoexplorethatoption
withyou.
CriminalLaw
FamilyLaw Delawarebusinesstrusts(DBT)can
providebenefitsinthereductionofgift,
Arbitration estate,andothertaxesandinthe
Mediation protectionofassetandowners.TheDBT
isanunincorporatedbusinessassociation
DelawareCourts usedtoholdassetsforthebenefitofthe
InternationalClients trustowners.

InternetLaw FlexibilityandStatutoryStability
Blog Delawarebusinesstrustsarepreferredby
Links manyforstructuredfinancing,regardless
ofwhetherabusinessisfinanciallyhealthy,
Biography restructuringorgoingthrougha
HiringanAttorney reorganization.Thisisinpartbecausethe
DBToffersflexibilityandstatutoryfeatures
Location designedtoreducerisk.
StartandManageYourCase
Justasastockholderofaprivate
corporationenjoysashieldfromthe
liabilitiesofthecorporation,Delaware
BusinessTrustsprovideasimilarshield,
forthebenefitoftheultimatebeneficiaries.
ThisisbecausetheTrustisaseparate
legalentityandmayconductanylawful
businessoractivity.

DelawareBenefits

Delawareisarecognizedleaderwhenit
comestocorporateandbusinesslaw,with
areknownCourtofChanceryhearing
businessmatters,atightandnonpolitical
relationshipbetweentheDelawareBar
andtheDelawareLegislaturetokeep
businesslawcurrent,astableand
respectedbodyofbusinesslaw,andno
incometaxonpassiveincomefromTrusts.
incometaxonpassiveincomefromTrusts.
Comparedtocommonlaw

Trustsaren'tnew,andcommonlawtrusts
arestillinusebymany,andanoptionto
beconsidered,onacasebycasebasis.
They'vebeenusedforcenturiesto
preserveandprotectpropertyforthe
wealthyandtoconductbusinesswherea
flexibleentitywasdesirable.However,
There'sabenefittotrustcreatedunderthe
DelawareBusinessTrustAct,whichunlike
commonlawrelatingtotrusts,iscurrent
andcreatescertaintyinmodern
commercialtransactions.

Easyandinexpensivetocreate

ADelawareBusinessTrustcanbe
establishedwithrelativelylittleeffortand
expense,andthetrustincomeisnot
subjecttoDelawarestateincometax.
Additionally,DelawareBusinessTrusts
providealevelofownershipprivacythatis
appealingtomanytaxpayers.

OurTrustDepartment
Thereisno"fillintheblank"formtocreate
theTrustAgreement,however.Careful
planningwithanattorneyandan
accountantarekeytothesuccesswhenit
comestotrusts.

Ourlawofficeworkswithawiderangeof
clients,including:

BankTrustOfficers
InvestmentBankers
DraftingAttorneys
BondCounsel
FundsAdministrators
CorporateTrustProfessionals
TransactionalAttorneys
Underwriters

Weoffer:

1.StreamlinedprocessingofBusiness
Trusts,
2.Knowledgeandexpertiseintrust
management,
3.Promptandindividualizedservice,
4.Experienceinworkingwithclients
fromaroundtheglobe.

UsesforaDelawareTrust
ADBTmaycarryonanylawfulbusiness
oractivity,whetherornotconductedfor
profit,includingholdingtitlepropertyinan
activeorcustodialcapacity.Theprincipal
advantageoftheDBTActisflexibility.The
Actenablesindividualstocreatea
structurewithgreaterflexibility,andto
createmanagementstructurebycontract.

Someofthetypesofbusinessesthatcan
benefitfromaDelawareBusinessTrust
include:

CreditCardCompanies
CarDealerships
MortgageCompanies
MovieTheatreChains
PharmaceuticalCompanies
Manyothers

Thekindsofassetsthatcanbeheldin
trustarethingslikelicensingfeesfrom
patentsandotherintellectualproperty,
landownedbyatrustandleasedto
businesses,moneyfromthesaleof
negotiabledocuments,andmanyothers.

TheDBTActwashatchedinthebusiness
savvyenvironmentofDelaware'sother
stateoftheartbusinesslegislation,such
asthelawsgoverningcorporations,limited
partnershipsandlimitedliability
companies.Theadministrativeadvantages
ofaDBTdistinguishitfromsomeformsof
businessentities,whileitislikenedto
others.

ADBTneedonlyfileasimplecertificateof
trustwiththeDelawareSecretaryofState
inordertotakeadvantageoftheAct.Very
muchlikeLLCs,thereisnotarequirement
tofilethecontractualinstrumentofaDBT.
Therefore,thenatureofthebusinessas
wellastheidentitiesofthebeneficial
ownersofaDBTarenotnecessarilya
matterofpublicrecord.

Delaware'sCourtofChanceryhas
jurisdictionoveraDBT,andanycontested
mattersrelatingtotheinternalaffairsofa
DBT,therightsandresponsibilitiesofits
trusteesandbeneficialowners,andthe
interpretationofitscontractualinstrument.

TotalkwithusaboutDelawareBusiness
Trusts,contactourofficebyphoneat(1)
3022866336,orsendusanemailat
info@delawoffice.com.

Wearelocatedat111Barksdale
ProfessionalCenter,Newark,Delaware
197113258,andournormalbusiness
hoursare9:00amto5:00pmEST.
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LarryD.Sullivan,Esquire
Voicemail(302)4648626Fax(302)4648626info@delawoffice.com