who is promoter explain its merits?
Answers
Answer:
A promoter typically is responsible for raising capital, targetting initial leads and chasing initial business opportunities, entering into the initial contracts for the business formation and incorporating the company.
Explanation:
Explanation:
A promoter is an individual or organization that helps raise money for some type of investment activity. Promoters are often used for penny stocks, where false promises and misrepresentation of the company or its prospects have become commonplace.
merits of Promoters
They are the first to get the idea of the business. They find out where a profitable business venture can be shelved and then analyse the situation in the market. After that, they organize the whole process of turning an idea into a reality by doing the work of inception of a company.