There are two basic reasons why people need legal structures.
- Either they need a structure that will DO something, like engage in business. In which case, they would choose some type of Corporation. If, rather than business, they desire to engage in some sort of ministry, they would be looking at a nonprofit corporation like … a Corporation Sole.
- Or, they need a structure that will HOLD something, preferably in such a way that they are not liable for it. This is where we discover the many benefits of trusts.
Many of you who are visiting this page are here because you are holding something that you purchased at a very low price, which you expect may, in the near future, experience a dramatic increase in value.