Asked by Adeel Humayun on Jul 05, 2024
Verified
Define "promoter" in reference to a corporation.
Promoter
An individual or entity that takes the initiative in founding and organizing a business or enterprise, often before it’s officially established.
- Comprehend the duties and functions of promoters during the establishment of a corporation.
Verified Answer
FK
Felix KiptochJul 10, 2024
Final Answer :
A promoter is a person who brings about the birth of a corporation by arranging for capital and financing; assembling the necessary assets, equipment, licenses, personnel, leases, and services; and attending to the actual legal formation of the corporation.
Learning Objectives
- Comprehend the duties and functions of promoters during the establishment of a corporation.