promoter


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

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 ?
Are you going to sign with a promoter who has never laced up a glove, or a promotional company that has fighters as partners?
2003 Optimize[R] LCO Promoter Technology[TM] launched into soybean market.
Conclusions: The SGR/BC opsin promoter is capable of driving photoreceptor specific GFP expression in transgenic Xenopus tadpole photoreceptor cells.
Once the IRS finalizes revisions to Circular 230, taxpayers must scrutinize their tax opinions to identify any financially relationship between their adviser and a promoter.
The TGase I gene promoter is regulated by several environmental factors of which calcium and retinoic acid appear to be most useful.
To prove intent, they have to show that the promoter lied intentionally about the investment to get the investor's money.
Investors are not told, though, that high interest rates and commissions are being charged against their accounts Or that the promoters may be taking positions opposite to that of investors on each trade.
This requirement applies to any transaction structured for a significant purpose of tax avoidance or evasion, regardless of whether offered under conditions of confidentiality or the promoter fees involved.
Paddy Milligan, former Greyhound Trainers' Association chairman said: "It would mean that the promoters would outvote everybody else and that doesn't sound very democratic to me.
Known as the Ubiquitin-1 promoter, it can be spliced onto lab-designed genes, called reporter or marker genes.