Promoter Duties

There are many actions that have to be undertaken prior to a corporation coming to life. One of the most important aspects of preincorporation is the role of promoters. Promoters are individuals who take the initiative in founding and organizing the business or enterprise. They are needed to raise capital, enter contracts, and ensure an overall smooth and efficient founding of a corporation. The promoter, however, has duties beyond simply raising capital that they must live up to.

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