Generic form with which a corporation may record resolutions of the board of directors or shareholders.
Corporate Resolution For Sole Owner In Utah
State:
Multi-State
Control #:
US-0031-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
7 steps for writing a 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.
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A sole proprietorship resolution must include the name of the business, its purpose, the name of the proprietor, their address, the name of the registered agent (if any), and the effective date of the resolution. It should also include any other relevant information as determined by the proprietor.
Resolution noun (DECISION) a promise to yourself to do or to not do something: + to infinitive I made a resolution to give up chocolate. The resolution calls for a durable peace settlement. The resolution was carried by 210 votes to 160.
Examples of corporate resolutions include the adoption of new bylaws, the approval of changes in the board members, determining what board members have access to certain finances, such as bank accounts, deciding upon mergers and acquisitions, and deciding executive compensation.
Every C corporation incorporated in Utah (domestic), qualified in Utah (foreign), or doing business in Utah, whether qualified or not, must file a corporate franchise tax return. C corpora- tion returns are filed on form TC-20.
How to write a corporate resolution Hold a board meeting. Board members typically create corporate resolutions at their board meetings to summarize what they discussed. Include introductory elements. Write a statement of consent. List the resolutions. Conclude with a statement of resolution. Proofread the document.
The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.
A company resolution is a legally binding decision made by directors or shareholders. If a majority vote is achieved in favour of any proposed resolution, the resolution is 'passed' and legally binding. Shareholders can pass ordinary resolutions or special resolutions at general meetings.
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.
