Massachusetts Trust

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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.

See also