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Understanding Company Promoters by Shirllyn Thubbary is a document available to read on EtoBox.
What is Understanding Company Promoters about?
The document outlines the role and duties of a promoter in the formation of a company, emphasizing their fiduciary responsibilities and the necessity for full disclosure to avoid conflicts of interest. It also discusses the implications of pre-incorporation contracts, highlighting that promoters are personally liable for such contracts as the company does not yet exist. Remedies for breach of duty by promoters are detailed, including rescission of contracts and potential criminal liabilities.
- Author
- Shirllyn Thubbary
- Language
- EN