A person who participates in the initial setting up of a corporation or who assists the corporation in making a public share offering is known in law as
A) a shareholder.
B) an initiator.
C) a promoter.
D) a founder.
E) a preferred shareholder.

Question

Quizplus · Accepted Answer

A promoter is someone involved in the initial setup of a corporation or assists in making a public share offering, handling tasks such as arranging for the necessary capital, legal documentation, and overall establishment of the corporation.

A Person Who Participates in the Initial Setting Up of a Corporation