Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Official Resolution Form For S Corporation In King
State:
Multi-State
County:
King
Control #:
US-0036-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the meeting detailing the decisions made by the board.
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.
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.
Corporate resolutions are necessary business documents for corporations, whether they be for-profit or nonprofit. Limited liability companies (LLCs) are not required to create corporate resolutions, but oftentimes do so in order to document their decisions in a formal way.
A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A board of directors is a group of people that act as a governing body on behalf of the shareholders of a company.
Additionally, your S corporation must hold an organizational meeting (initial meeting of directors) where you adopt bylaws and undertake other initial corporate actions (such as appointing officers and approving a resolution to open a business bank account).
The resolution is a document recording the decisions made by the board members regarding decisions and actions a company will take.
One major advantage of an S corporation is that it provides owners limited liability protection, regardless of its tax status. Limited liability protection means that the owners' personal assets are shielded from the claims of business creditors—whether the claims arise from contracts or litigation.
Typically, corporations require these documents when an agreement between the owners and the board may enable business transactions and decisions.
How to fill out the Limited Liability Company Resolution Template? Gather the required company details and officer names. Fill in the meeting date, time, and location. Document the resolutions discussed and decisions made. Sign the resolution as required by company policy.