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Board Directors Resolution With Secretary Certificate In Chicago
State:
Multi-State
City:
Chicago
Control #:
US-0020-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Your company's articles of incorporation are like its birth certificate, establishing its legal existence and basic structure. Corporate resolutions, on the other hand, are like the chapters of a book, documenting the key decisions that shape the company's journey.
A corporate resolution is a legal business document created and written by a board of directors that describes and declares major corporate decisions. This document may explain who is legally allowed to sign contracts, prepare assignments, sell real estate or determine other decisions related to business transactions.
A Board resolution merely certifies and documents a particular decision taken by the Board of Directors of a company. All the relevant decisions made by the Board are documented by the passing of the resolution for the same.
A board resolution is sometimes called a corporate resolution or directors' resolution. Simply put, a board resolution is a formal document of a board's decision. A board of directors is the highest authority in an organization, and their decisions can have far-reaching consequences.
Certified board resolutions are essential for activities like opening financial accounts, authorizing representatives, or formalizing business decisions. These resolutions must follow corporate by-laws and include details such as the decision date, actions approved, and signatures of authorized parties.
For example, depending on what state you're located in, Certificates of Incorporation might instead be referred to as: Articles of Incorporation. Articles of Association.
Certified True Copy (CTC) of a Board resolution is a physical document, which has to be printed on the letter head of the Company, affirming the outcome of a particular resolution that has been passed by the Board of Directors who have consented and approved in their duly convened meeting.
Are Articles of Incorporation the same as a corporate resolution? No. An Articles of Incorporation document establishes the existence of a corporation while a corporate resolution records the actions and decisions of a corporation's board of directors.
How to write a board resolution Put the date and resolution number at the top. Give the resolution a title that relates to the decision. Use formal language. Continue writing out each critical statement. Wrap up the heart of the resolution in the last statement.
