Good afternoon, I know there is a lot of stuff going on about trusts, but I have a situation in which I'm not entirely sure and wanted to get some opinions on. I have a family living trust doing business as a company with it all being under the trustee's SSN. I'm wanting to make sure that the way we have it labeled and handle it, is correct. As it is labeled now, John Doe The John Doe Family Living Trust dba John Doe Plumbing all under John Doe's SSN. John and Jane Doe are listed as Trustees. Is that correct and going forward with CTRs and other reporting requirements, don't we treat this as any other sole prop?
Thanks for the help with this!