Examlex
Marcus has been determined to be a grantor trust by the IRS. Your partner explains that this probably happened because the donor of the trust assets retained excessive powers over the operation of the trust or the use of its assets and income. To what powers is your partner referring?
Benchmark
A standard or point of reference against which things may be compared or assessed.
Agency Problem
A conflict of interest between a company's management and its shareholders, where the management may act in their own best interests rather than those of the shareholders.
Shareholders
Individuals or entities that own shares of stock in a corporation, giving them ownership interests and possibly rights to dividends and voting.
Management
Management involves the organization and coordination of activities to achieve defined objectives, typically within a business setting.
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