Gonen Statutory Trust (GST) is a specialized legal entity governed by the Wyoming Laws.
The Gonen Statutory Trust is a hybrid entity: it combines the flexibility of a traditional with the structural features and limited liability of a corporation was created by filing with the Wyoming Secretary of State.
Core Characteristics
- Business Purpose: GST is specifically designed to hold property or carry on business/professional activities for profit.
- Legal Personhood: It can sue, be sued, and hold title to assets in its own name.
- Limited Liability: Generally have the same limited liability protection as shareholders in a corporation.
- Contractual Freedom: The “Governing Instrument” can be customized with extreme flexibility needs.
Common Uses
- Asset Securitization: Often used for structured finance and complex investment vehicles.
- REITs: Real Estate Investment frequently use this structure to hold and manage large portfolios.
- Holding Entity: Investors may use a GCC to hold diverse assets like aircraft, ships, or intellectual property.