Massachusetts Trust

A business arrangement in which the investor serves as the "grantor" of the trust, and gives management authority to a trustee.  The investor / grantor's liability is limited to their investment (the trust property), thus this is a similar arrangement to a limited partnership.

Note that "Massachusetts Trust" is an informal term, and the trust need not have any connection to Massachusetts. Also known as an unincorporated business organization, or UBO.

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