Promoters
/prəˈmoʊtərz/
Definitions
- (n.) Individuals who take preliminary steps to form a corporation, including arranging capital and favoring incorporation.
The promoters negotiated with investors before the company was legally formed.
Forms
- promoter
Related terms
See also
Commentary
Promoters incur preliminary liabilities and fiduciary duties prior to corporate formation, distinct from directors or officers post-incorporation.
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