Question

Discuss the role of a promoter in the formation of a company.??

Answer 1

Role of Promoters in Company establishment. When an individual has an idea for a new business venture, he or she may set about interesting others in the venture and persuade them to contribute capital to a company to be incorporate for the purpose of carrying on the venture. ... All this work is done by promoters.

Answer 2

Explanation:

A promoter is someone, who has been connected with the business from the start. He can also be referred to as the starter of a business or the founder. He is responsible for raising capital from various sources and entering into the first agreements for the start of a business and incorporation of a company.