UBO

UBO, or unincorporated business organization , is a business arrangement used in lieu of a company or partnership . The investor acts as the settlor of the trust and gives the management rights to the trustee , who holds title to the property for the benefit of the beneficiaries for investment purposes. The investor/settlor has limited liability for his investment ( trust property ) only, so it is a similar arrangement to a limited partnership . Also referred to as a Massachusetts trust , common law trust, or business trust.

[Last reviewed in May of 2022 by the Wex Definitions Team ]

Keywords

• llcs-corporations-partnerships

Wex

• COMMERCE
• commercial activities
• business law
• business organizations
• wex definitions
• business sectors