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Lu is busy making contracts in preparation for her yet-to-be-formed company that will specialise in providing accountancy services. Lu has been told that she is
Lu is busy making contracts in preparation for her yet-to-be-formed company that will specialise in providing accountancy services. Lu has been told that she is a 'promoter'. Lu asks you, 'what is a promoter?', and 'what is a promoter's relationship to the later incorporated company?'Lu then asks you to explain to her Part 2B.3 of the Corporations Act, and what dilemma in common law it was intended to overcome.
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