Board Resolution For Opening Bank Account For Partnership Firm In Houston
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The board resolution for opening bank account must be printed on the letterhead of the business. It must be signed by two ore more of the Directors of the Company with quorum at a Board Meeting. In case of One Person Company, the document can be signed by the sole Director and shareholders.
If you are a partner in a limited liability partnership (LLP), you will need a separate business account. This is because the business is a separate legal entity from the individual partners. But if you are in a general partnership, made up of two or more people, you don't have to have a business bank account.
If you prefer, you can keep using a personal account for business transactions, just like a sole trader. But there are certain benefits to having a dedicated business account. You might want to consider these when choosing a bank account, as it can affect the running of your business now and in the future.
“RESOLVED THAT a Current Account in the name of the Company be opened with ____________ Bank, _____________ , for the operations of the activities of the Company and the said Bank be and is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes and other negotiable instrument, signed drawn ...
For opening a current bank account, a firm needs to submit the following documents: Partnership deed. Partnership firm PAN card. Address proof of the partnership firm. Identity proofs of all the partners. Partnership registration certificate (if partnership has been registered)
You will need one of the following original or certified business documents: Partnership Agreement. Fictitious Name Certificate/Statement. Certificate of Assumed Name. Business License. Business Registration. Statement of Partnership.
