A Massachusetts Business Trust has a different structure and management.
In a MBT, the Trustee runs the company and the beneficiaries share the profits. You usually can sell the certificates to third parties or back to the trust, unless specified otherwise in the trust deed. You need to see the trust deed itself to see if there are any restrictions. You can get a copy from the trustee, who is required to give it to you.
Value will depend on the transferability (see trust deed) and the value of the assets and business held by the trust. You can determine value by getting an appraisal There are a lot of companies that provide business appraisal services at prices ranging from 500 to 5,000 dollars.
It all depends on how complex the business is. If you have a far flung business enterprise, valuation is harder and more expensive. If the trust hold securities, it is vairly easy to value, by looking at the pro rata value of the assets. If there are 10 certificates and the stocks are worth 1 million, the certificate should be worth about 100k, for example.
In a corporation, the officers run the company and they are chosen by the board of directors. The board is elected by the shareholders. In a MBT, the trustee runs it. Usually there is a provision for trustee removal in the trust deed, so that is how you change managment. Trustees in an MBT have to give periodic accountings.
Does this make sense to you? Do you need more information?
Thank you for using JustAnswer. Please click "Accept". If you need more, just let me know
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).