____ are often used in place of a partnership or corporation.
A) private trusts
B) tax-avoidance trusts
C) business trusts
D) ultimate trusts
E) corporation trusts

Question

Quizplus · Accepted Answer

Business trusts are often used as a business structure option instead of a partnership or corporation. They offer limited liability protection to trustees and can have tax benefits. Private trusts, tax-avoidance trusts, and ultimate trusts are not commonly used as business structures, while a corporation trust is a specific type of trust used for holding stock or ownership in a corporation.

____ Are Often Used in Place of a Partnership or Corporation