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 ?
In the US, while 55% of US respondents are "sharers", only two in ten (19%) are true brand promoters.
Tax avoidance promoters commonly market schemes which overwhelmingly do not work.
However, investors must keep in mind that an increase in promoter stake is no guarantee that the stock will rise.
However, a large-scale and unexpected exit by the promoter without giving any reason does warrant an explanation.
Although the achievements of the economic promoters have been denounced publically on a number of occasions, considering very few of them brought actual investments to the country, the authorities at the Agency have a completely different view.
According to John Ioannou, Managing Director of Ticketscene, "Many event promoters and festivals are faced with tons of challenges such as how to sell tickets and make it convenient for ticket buyers to purchase them.
Some of the regulations police want the License Commission to consider are: criminal background checks on promoters, with promoters with criminal records being prohibited from holding events; background checks on security being used for promotional events; and prior notification by a club or bar about when a promoter event is going to take place.
Besides the Promoter, other intending shareholders apply for shares to the Promoter, and pay their subscription funds directly to the bank account set up by the Promoter.
Indeed, according to an invitation sent by the same promoter advertising another party in June, the Raw Dukes event didn't happen.
Shaw also noted that De La Hoya twice left his longtime promoter, Bob Arum, as well as television mogul Jerry Perenchio, who briefly promoted De La Hoya during his first separation from Arum.
In addition," Fleetwood adds, "direct application of our LCO Promoter Technology provides our customers an average Return Of Investment (ROI) of nearly 8:1.