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What are two potential issues and trends while looking ahead to the future of assessment?
Preincorporation Contracts
Agreements entered into by the promoters of a company on its behalf before the company has been legally formed.
Promoters
Individuals or groups who initiate and assist in the formation and organization of a corporation, often engaging in securing capital, compliance with legal requirements, and bringing together the initial management.
Passive Investor
An individual or entity that invests in stocks, bonds, or other investments without taking an active role in the management or their investment decisions.
Obligations
Duties or responsibilities imposed by law, contract, or moral duty.
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