Chapter13: Choice Of Business Entity—general Tax And Nontax Factors/formation
Section: Chapter Questions
Problem 26DQ
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Question
What is the fiduciary duty (i.e., the primary goal) for most
U.S. corporations?
Expert Solution
Step 1
Introduction:
A fiduciary obligation is the highest level of treatment, where the one who owes these duties is considered a fiduciary and is considered the beneficiary to which he owes the duties.
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