Who are considered promoters in the context of business organizations?

Promoters are individuals or entities involved in the establishment and organization of a corporation. They take on the crucial role of initiating the process of forming a business entity, which includes various tasks such as arranging for the necessary financing, filing articles of incorporation, and preparing the initial bylaws. These actions are foundational to establishing a corporate structure and are essential for bringing the business into existence.

While the other options are related to business operations, they do not define the role of a promoter accurately. Individuals aiding in finance through loans are providing financial support but not actively involved in the formation of the corporation. Shareholders, on the other hand, are those who own shares in the corporation and typically come into the picture after the corporation is already formed. Investors providing capital with no legal involvement could contribute funds but do not engage in the initial organization and creation of the business, thus not fitting the promoter definition.

In summary, the role of the promoter is specifically tied to the pre-incorporation phase, making them pivotal figures in the initial establishment of a corporation.