On Sun, Mar 09, 2003 at 10:31:52PM -0600, Kevin S. Van Horn wrote: > > > Not all companies are corporations. Corporations are a particular kind > of company chartered by the state in order to absolve certain people of > responsibility for their actions. There is a business form, whose name I > forget but which used to be called a "Massachusetts corporation" when > Massachusetts didn't allow actual corporations, that achieves many of > the legitimate benefits of a corporation through entirely contractual > means.
The term you're looking for is "Massachusetts business trust"; they look a lot like corporations from a legal & tax standpoint. The liability of the trustees to the grantors/beneficiaries can be limited by mutual agreement. -- Greg Broiles [EMAIL PROTECTED]
