_____ are individuals who take the steps necessary to form the corporation, and they often will receive stock in exchange for their efforts.

Question

Quizplus · Accepted Answer

Promoters are individuals who take the necessary steps to create a corporation, including raising capital, organizing the management structure, and preparing the necessary legal documents. They often receive stock in exchange for their efforts. Scienters are individuals who have knowledge of material facts and fail to disclose them, while stockholders and bondholders are individuals or entities that invest in a corporation. Zero coupon bondholders are bondholders who receive no periodic interest payments, but instead receive a lump sum payment at the bond's maturity.

_____ Are Individuals Who Take the Steps Necessary to Form