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 as promoter.

Question

Quizplus · Accepted Answer

A promoter is indeed someone who takes on the responsibility of organizing or assisting in the establishment of a company, including its initial setup and possibly its public share offering. This role involves various activities such as arranging for the legal and other formalities, securing initial capital, and setting up the basic structure of the corporation.

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