Corporations and Common Law Trusts - What Are The Differences?

[sheisaceo]

I have noticed I have quite a bit of impunity with my corporation and this is without even trying. So what is the difference between a corporation structure and a common law trust? I had to form my corporation with the Secretary Of State, the same gulag for commercial lien filings. Is this relative?

[netwrkranger]

Without consulting Blacks or any dictionary... it is my understanding that...

A corporation (incorporation) is a franchise license given by the state to a group or individual in order to conduct commerce with some tribute (tax) given back to the State for usage of said franchise and limited liability protection. [Juristic person].

A trust is an arrangement where money and property are managed on behalf of another involving such parties as settlor, trustees, and beneficiaries. I would think a common law trust is private law. Anything filed with the State would be come public law (domain).

Corporation: http://en.wikipedia.org/wiki/Corporation
Trust: http://en.wikipedia.org/wiki/Trust_law

Of course, there are an infinite amount of nuisances to both definitions depending on context and interpretation e.g. federal corporations, pure trust, municipal corporations,etc.

Regards,
netwrkranger

[sheisaceo]

From what I can tell, my corporation not being publicly traded seems to have afforded me some comfort also. I do everything with it and have no officers to dispute it or to roll over on me if they get disgruntled.

[netwrkranger]

... it depends on which sphere you want to live life or conduct your business from: Common Law vs. Civil Law.

There are some that say that Commercial Law (Lex Mercantoria - Law Merchant) is a sphere in and of itself.

I personally want my wealth to be substantive (land, gold and silver, rights) rather than commercial/negotiable instruments. Keep my personal affairs in private law. Also, it seems to me that Commercial Law is the Kings'/State/Bankers' Law designed to suit their interests and objectives which can (and do) change at any time.

Corporations are juristic persons that fall under public law and are franchises of the State.

Regards,
netwrkranger

[jcsmjd]

Do you OWN the corporation or does [the] STATE OF "WHATEVER"? Who gave issue to the corporation? Are you self employed? Or, do you work for a corporation? Do you stand in the office acting as an officer for the corporation? Or do you understand the office by being self employed by a corporation that you own.


These are all rhetorical questions... no need to answer.