These consent minutes describe certain special actions taken by the Board of Directors of a corporation in lieu of a special meeting. It is resolved that the president of the corporation may borrow from a bank any sum or sums of money he/she may deem proper. The minutes also state that the bank will be furnished with a certified copy of the resolutions and will be authorized to deal with the officers named within the document.
Certificate Of Appreciation For Officers In Virginia
Category:
State:
Multi-State
Control #:
US-00063
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A certificate of authority is a document that provides states—other than the one in which your business is registered—all of a business's important information, including official name, owners' names, and legal status (limited liability company, corporation, limited partnership, etc.).
If you own a corporation in another state and plan to do business in the Commonwealth of Virginia, you must register as a foreign corporation in VA. To get foreign corporation status, you'll have to complete an application for a certificate of authority with the State Corporation Commission (SCC).
Certificate of Authority: Definition A Certificate of Authority shows that you are authorized to do business in a state other than your original formation state.
Businesses that are incorporated in another state will typically apply for a Virginia certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity.
A “Certificate of Authorization” for a foreign corporation is similar to the “Certificate of Good Standing” for a domestic corporation. The Certificate of Authorization generally sets forth that a foreign corporation (i.e., a corporation formed in another state) is authorized to transact business in the state.
The State Corporation Commission (SCC) is responsible for issuing Commonwealth of Virginia Certificates of Good Standing. In other states, this document may be called a “certificate of existence”, “certificate of authorization”, and “standing certificate”. Why is “good standing” important for your Virginia business?
