A business trust, also called a Massachusetts trust, was devised to avoid burdens of corporate regulation, but it is no longer in use today.

Name: A business trust, also called a Massachusetts trust, was devised to avoid burdens of corporate regulation, but it is no longer in use today.
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Business trusts, including Massachusetts trusts, are still in use today as a form of business organization, although they may not be as common as other structures like corporations or LLCs.

A Business Trust, Also Called a Massachusetts Trust, Was Devised