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)

References in periodicals archive ?
Most RNAP III promoters are inside the sequences expressed as RNAs, and these internal promoters can be divided into three categories based on their organization and transcription factor dependence [3].
Matsutani, "Similarities in transcription factor IIIC subunits that bind to the posterior regions of internal promoters for RNA polymerase III," BMC Evolutionary Biology, vol.

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