A trust is an obligation imposed on a person – a trustee – to hold property or assets (such as business assets) for the benefit of others, known as beneficiaries.

Key aspects of a Trust
can be expensive to set-up and operate.
require a formal trust deed that outlines how the trust operates.
require the trustee to undertake formal yearly administrative tasks.
if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company
It provide some asset protection
In few cases, with trust type of business structure, one can take benefit of tax arbitrage