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Simple English definitions for legal terms

Unincorporated business organization (UBO)

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A quick definition of Unincorporated business organization (UBO):

An unincorporated business organization (UBO) is a type of business arrangement where an investor creates a trust and gives management rights to a trustee. The trustee holds the property for the benefit of the beneficiaries, who are the investors. The investor has limited liability for their investment, which means they are only responsible for the property they put into the trust. This is similar to a limited partnership. UBOs are also known as Massachusetts trusts, common law trusts, or business trusts.

A more thorough explanation:

An unincorporated business organization (UBO) is a type of business arrangement that is used instead of a company or partnership. In this arrangement, the investor (also known as the settlor) creates a trust and gives the management rights to a trustee. The trustee holds the property for the benefit of the beneficiaries, who are the investors. The purpose of the trust is for investment purposes, and the investor has limited liability for their investment only.

For example, let's say that John wants to invest in a real estate property. Instead of forming a company or partnership, he creates a trust and appoints a trustee to manage the property. John is the settlor and the beneficiary of the trust, and he has limited liability for his investment in the property.

Another example is a group of investors who want to invest in a startup company. Instead of forming a company, they create a trust and appoint a trustee to manage the investment. The investors are the beneficiaries of the trust, and they have limited liability for their investment in the startup.

Overall, an unincorporated business organization (UBO) is a flexible and efficient way for investors to pool their resources and invest in a business or property without forming a company or partnership.

Unincorporated | uninsured motorist clause

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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