Trust Registration

Asked in Trusts and estates

  • Syed

    Bangalore

Expert's Answers(5)

  • xxxxx cxxxxx

    Bengaluru, Karnataka
      184 Client Ratings

    Dear Sir, The Trust must do activities of charitable as such your proposed business comes under commercial activity as such it is very difficult for you to register it.

    August 13, 2018
  • Advocate Robert D Rozario

    Kolkata, West Bengal
      2 Client Ratings

    Facts not clear. Can you be more specific about the purpose for the formation of a trust. If the purpose is for the benefit of one or more particular individuals as its Beneficiary then a private trust is advisable. However, no tax benefits are enjoyed by such trust. Money cannot be withdrawn without the consent of its Beneficiary. If this is not your intention, then you and your partners can form Limited Liability Partnership firm (LLP) wherein partners in an LLP have a limited liability and each partner is not responsible or liable for another partner's misconduct or negligence. Alternatively you can opt for the formation a private limited company. You can contact me for guidance should you and partners have decided for the formation of either LLP or a private limited company.

    August 12, 2018
  • Advocate Soumya Singh

    Varanasi, Uttar Pradesh
      1 Client Ratings

    no. you have to register proprietorship firm, partnership firm or company registration for that.

    August 11, 2018
  • Advocate Gowaal

    Mumbai, Maharashtra
      2 Client Ratings

    This is my response to you: 1. Do not make a trust; 2. You can make a partnership firm and do that business; 3. You will need to comply with legal formalities.

    August 11, 2018
  • Advocate N Karthikkanna

    Madurai, Tamil Nadu
      60 Client Ratings

    Trust can't be.. U have to register a firm/company..

    August 11, 2018