Global Shipping Corporation and Harbor Warehouse Company transfer their property to Investment Managers, Inc., which manages the property and distributes the profits to the beneficiaries. This form of business organization is

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A business trust is a legal arrangement where a group of trustees manages the property for the benefit of the beneficiaries. The beneficiaries hold the beneficial interest in the trust, and the trustees have legal title to the property. The profits earned from the property are distributed to the beneficiaries according to the terms of the trust agreement. In this scenario, Global Shipping Corporation and Harbor Warehouse Company transfer their property to Investment Managers, Inc., which acts as the trustee and manages the property for the benefit of the beneficiaries. Therefore, this is an example of a business trust.

Global Shipping Corporation and Harbor Warehouse Company Transfer Their Property