A Trust

A Trust is not a business organization in the vein of C corporations, S corporations, sole proprietorships, and partnerships are.

About.com says:

Trusts are usually formed upon the death of an individual and are designed to provide continuity of the investments and business activities of the deceased individual.

You might consider setting up a trust for your assets as you go forward. It will simplify things immeasurably for your children. But in terms of helping you do business, there's not much to say about them.

Before setting up a Trust, or making any move with your business, you should always consult an attorney and an accountant.

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