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 ?
By binding to specific regions adjacent to known promotor sites of phage DNA, c1 repressor inhibits lytic growth.
Part of of Stoke-on-Trent's urban landscape is to be transformed to create a new city landmark that promotors say will symbolise "a renewed sense of civic pride" for the Potteries town.
But the British Speedway Promotors Association are refusing to sanction the move.
Promotors were expected to announce that the bout would take place on April 6.
But unless promotors put a stop to freak shows like Tyson and Golota he will slip into the murky depths of a sport that is in real danger of losing its credibility.
Bcl-2 is a member of a small gene family that includes several death suppressors and also several death promotors.