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Examples of these types of corporations are your local water agency, your child's school and the public park down the street. Private corporations are the corporations that conduct personal business.
Promoters
The promoter of a corporation is the person(s) that start the corporation. They are the people who negotiate contracts in advance of the formation of the corporation; they find investors for the corporation who will finance the creation and further activities of the corporation. A corporation is far different from that of a sole proprietorship. The promoter of the corporation can also be held liable for the contracts it generates if the corporation never commences...
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