The person who is responsible for the formation of a company is called the

The person who is responsible for the formation of a company is called a promoter. A promoter is someone who identifies a business opportunity and takes the necessary steps to form and organize a company to pursue that opportunity. Promoters may perform a variety of tasks such as raising capital, developing a business plan, organizing legal and financial documents, and recruiting key personnel. Once the company is formed, the promoter may continue to play a role in the management of the business or may sell their shares to other investors.