US Legal Forms
Corporate Resolution for Single Member LLC

Single Member Llc Corporate Resolution Template For Llc In Utah

Category:

Corporations - Minutes and Resolutions - Actions

State:

Multi-State

Control #:

US-0031-CR-9

Format:

Instant download

Description

The Single Member LLC Corporate Resolution Template for LLC in Utah is a crucial document that allows the sole owner of an LLC to formally document decisions and actions that require approval. This template includes essential sections to state the resolution, specify the meeting details, and allow for signatures from the member and any associated personnel. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need a clear, standardized way to record corporate decisions, ensuring compliance with Utah regulations. Filling out the template is straightforward: users must insert the LLC's name, the specifics of the resolution, and the meeting date. This form also provides a certification section for the Secretary, affirming the authenticity of the documented resolution. Use cases for this template include authorizing business transactions, opening bank accounts, or making significant operational changes within the LLC. The template promotes transparency and accountability, which are vital for maintaining the organization’s legal standing.

Formato resolucion corporativa in Alameda

View this form

Board resolution for signing agreement in Alameda

View this form

Board resolution format for authorised signatory

View this form

Form popularity

FAQ

Yes, a single-member LLC should open a separate business checking account or savings account to prevent mixing their business funds with their personal funds. This helps protect their personal assets from legal action.

Single-member LLCs do not need resolutions, but they can still come in handy in certain situations, like if the company must defend itself in court. Documenting changes or actions not covered in the original bylaws or articles of incorporation can help an LLC protect itself from lawsuits or judicial investigations.

The law does not require an LLC Resolution to be notarized or witnessed by any third parties. In concept, there could be a requirement within a certain limited liability company which does require it – but that would be uncommon.

Most LLC Resolutions include the following sections: Date, time, and place of the meeting. Owners or members present. The nature of business or resolution to discuss, including members added or removed, loans made, new contracts written, or changes in business scope or method.

While it is not a legal requirement, many banks, and most online banks for nonprofits, usually require one for the protection of all parties. As officers and directors can change over time, make sure to update the completed document when there are changes to permissions.

Do I need a Banking Resolution for my LLC or Corporation? This document is typically not required to be filed with your Registered Agent or your state of formation. However, it does make certain processes easier, like opening a bank account and assigning privileges or authorization.