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 ?
After many requests verbally, and by email and text, from the sport in regards of this winters indoor, I am delighted to say that for the benefit of the sport as a whole, Coventry are delighted to be confirmed as promotors.
There are also promotors based on xanthogen formates and mercaptobenzothiazole (MBT).
The promotors are locals John and Michael Boyle, whose family have a long tradition in the fish sector.
Promotors DF Concerts will release 5000 more tickets for each of the gigs on June 28 and 29 at Murrayfield Stadium, Edinburgh.