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Get Single-member Llc Borrowing Resolution
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How to fill out the SINGLE-MEMBER LLC BORROWING RESOLUTION online
Completing the SINGLE-MEMBER LLC BORROWING RESOLUTION is a crucial step for individuals managing single-member limited liability companies. This guide will provide you with clear instructions on filling out the form online, ensuring that you complete each section accurately and effectively.
Follow the steps to complete your borrowing resolution online.
- Click 'Get Form' button to obtain the form and open it in the editing interface.
- In the 'Account Information' section, enter your Employer Identification Number (EIN) and Social Security Number (SSN) under the appropriate fields. If you have an existing account, include the account number.
- Proceed to the 'Governing Documents' section. Here, you need to confirm that the borrowing resolution does not contradict any of the company's governing documents, including the Articles of Organization and the Operating Agreement, if applicable.
- In the 'Authorizing Resolution' section, certify that your company is a single-member LLC, and affirm the resolution's compliance with the company’s governing documents.
- List any Authorized Persons in the designated section. These individuals will have the authority to act on behalf of the company regarding borrowing transactions.
- Ensure that each Authorized Person provides their name, title or position, and signature. Each person listed should have the power to bind the LLC independently.
- In the 'Effect on Previous Resolutions' section, clarify that all prior resolutions remain effective unless a notice of modification is provided to the Financial Institution.
- Complete the 'Certification of Authority' section by signing as the Manager or Sole Member. Enter your name, title, and the date of the resolution.
- Once all information is accurately filled out, save the changes, and then you may choose to download, print, or share the completed document as needed.
Complete your SINGLE-MEMBER LLC BORROWING RESOLUTION online today to ensure your financial dealings are properly authorized.
A corporate resolution is generally required to document actions taken by the corporation, but when it comes to LLCs, resolutions are not mandated. Because of this, there is no specific or required way to draft an LLC resolution.
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