promoter

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Promoter

A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation.

Promoters are the people, who, for themselves or on behalf of others, organize a corporation. They issue a prospectus, obtain stock subscriptions, and secure a charter. Promoters stand in a fiduciary relationship to the proposed company and must act in Good Faith in all their dealings for the proposed corporation.

promoter

n. a person who puts together a business, particularly a corporation, including the financing. Usually the promoter is the principal shareholder or one of the management team and has a contract with the incorporators or makes a claim for shares of stock for his/her efforts in organization. Most states limit the amount of "promotional stock" since it is supported only by effort and not by assets or cash. (See: promotional stock)

promoter

noun  advocate, aider, auctor, backer, benefactor, encourager, enterpriser, fautor, financial backer, financier, founder, organizer, organizer of business enterprises, organizer of commercial enterprises, patron, planner, prime mover, publicist, sponsor, supporter
See also: abettor, advocate, backer, benefactor, coactor, conspirer, developer, disciple, partisan, patron, sponsor
References in periodicals archive ?
Heme oxygenase-1 gene promoter microsatellite polymorphism is associated with restenosis after percutaneous transluminal angioplasty.
Identification of three new single nucleotide polymorphisms in the human tumor necrosis factor-[alpha] gene promoter.
The most commonly used assays include Northern and Western blots, as well as hsp70 gene promoters linked to reporter genes in transfected cells (4-7).
Genetic polymorphism of the MxA gene promoter and interferon responsiveness of hepatitis C patients revisited by analyzing two SNP sites (-123 and -88) in vivo and in vitro.
In a poster entitled "Effect of MG98 treatment on DNA gene promoter CpG island methylation patterns in advanced head and neck carcinoma patients", MethylGene discloses results of a DNA methylation analysis of clinical samples from an MG98 Phase II trial in head and neck cancer.
11) identified a C/A exchange at position -863 of the TNF-[alpha] gene promoter and found higher transcriptional activity of the C allele in reporter gene assays.
0625206 to Research Corporation Technologies for a human gene promoter that enables tissue-specific expression of foreign genes in epidermal cells.
XenoPharm's mission is to apply its proprietary XenoSensor technology, the Steroid X receptor (SXR), Constitutive Androstane Receptor (CAR) and the Cytochrome P-450 3A4 (CYP3A4) gene promoter, to improve the safety profiles of existing and developmental medicines.
Recently, a naturally occurring sequence variation in the human MMP1 gene promoter was reported (10).
The mission of the company is to apply its proprietary XenoSensor technology, the Steroid Xenobiotic Receptor (SXR), Constitutive Androstane Receptor (CAR) and the Cytochrome P-450 3A4 (CYP3A4) gene promoter, to improve the safety profiles of existing and developmental medicines.