A corporation is a legal entity properly registered with the secretary of state, characterized by limited liability, perpetual life, freely transferable shares, and centralized management.
An Inter Vivos Trust is a legal entity created during an individual’s lifetime to manage and protect assets for the benefit of the trust’s beneficiaries. It is also known as a living trust.
A legal entity is an individual, company, or organization that has legal rights and obligations, including the ability to enter into contracts, sue and be sued, own assets, and borrow money.
