What is a trust, and how does it differ from a partnership and corporation?
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Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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A trust is an arrangement whereby a person the settlor places property under the management o...View the full answer
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Related Book For 
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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