Trust: owning & operating

From this guy. My opion:

1) decide which state you are in. Trust is managed by state law.

2) you can own titles in a revocable trust, but do not operate it that way. 

http://www.keytlaw.com/azllclaw/az-entities/arizona-business-trust/

 

 

Warning:  Never, never, never, never own or operate a business using a revocable business trust because the trust creator is 100 percent liable for everything that goes wrong and his or her life savings is at risk.

Ease of Formation & Cost

A trust is relatively easy to form if you have a good trust agreement. The trust does not need to file any formation documents with any Arizona governmental agency, pay any formation filing fees or publish any documents in a newspaper.