Legacy Planning â Dynasty Trust. A dynasty trust is a long-term trust created specifically to benefit descendents of multiple generations. It offers both tax and nontax advantages because it makes the most of the generation-skipping transfer (GST) tax exemption.
B. Anatomy of the Operating Expense Provision. 1. General Statements of Intent. a) Landlord: âThe parties acknowledged that this is a net lease, and the fixed rent set forth above is intended to be payable to the Landlord net of all costs and expenses of ownership and operation of the Building.â b) Tenant.
Definition: Operating profit is the profitability of the business, before taking into account interest and taxes. To determine operating profit, operating expenses are subtracted from gross profit.Operating profit is a key number for managers to watch as it reflects the revenue and expenses that they can control.Operating profit and EBIT (earnings before interest and taxes) are the same thing.o determine operating profit, operating expenses are subtracted from gross profit. Operating profit is a key number for managers to watch as it reflects the revenue and expenses that they can control. Operating profit and EBIT (earnings before interest and taxes) are the same thing.