There are numerous laws and regulatory issues to take into account when considering a state in which to form a Private Trust Company (PTC), including requirements around annual reporting, residency of personnel and capital requirements. This report provides a side-by-side comparison of state PTC laws across eight key states, including Ohio, Florida, Texas, Tennessee, New Hampshire, Nevada, South Dakota and Wyoming.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.