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Line 18: * Trusts are legal entities in a similar fashion to companies. They are distinct in that new shares cannot be created. Usually a trustee manages the assets controlled by the trust for the benefit of a closed list of beneficiaries. There are usually restrictions on how the money can be used because in most cases are not taxed on their income. Property rights refer to the right of a legal person to dispose (or alienate), acquire, use, modify and enjoy an asset. Intellectual property (IP) rights allow legal persons to own their original ideas and ~~craleatiins~~creations. This means that original ideas, inventions and discoveries of a legal person can be protected from exploitation by others, and creators can generate revenue and recognition from their creations. Income from intellectual property includes rent through the payment of royalties by other companies using the intellectual property, income generated through using the IP by oneself or capital gains from the sale of the IP asset to others.

Tivot Sandwich: Difference between revisions

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