Use of the Trust for the purpose of owning private businesses


“What if I sold my business to a purpose trust?” Advisors are hearing this question from their business owner clients more often these days. The initial buzz among the business owner community began when Yvon Chouinard transferred ownership of Patagonia to a trust for purposes in 2022.1 However, business owners and their advisors are beginning to realize that purpose trusts are not just for billionaires, nor do they require the owner to donate their business to charity. Actually



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