Called ReCitizen, the startup, an L3C or low-profit limited liability company, wants to make it easier and faster for communities to engage in such revitalization efforts as restoring historic buildings or creating new parks.

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As plenty of highly leveraged borrowers learned in the crisis, hefty short-term funding can change from a profit engine to a huge liability overnight.

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This means the profit from the trust creates a tax liability for the ETF shareholder, which is taxed as ordinary income.

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If you decide to set up a for-profit entity, you have five basic choices: a sole proprietorship, a partnership, a limited liability company or a corporation--either an S corporation or a C corporation.

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