Official Resolution Form For Sba In North Carolina

State:
Multi-State
Control #:
US-0036-CR
Format:
Word; 
Rich Text
Instant download

Description

The Official Resolution Form for SBA in North Carolina is a formal document utilized by corporations to authorize specific actions by their directors. This form enables corporate officers to officially file necessary documents related to business operations or transactions. The document requires the corporation's name, the designated officer's name, and a detailed explanation of the authorized action. It is important for the form to be adopted during a regular or special meeting of the board of directors, as indicated by the meeting date in the resolution. Additionally, the certificate of the Secretary section provides verification that the resolution has been properly recorded. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is crucial for ensuring compliance with corporate governance and maintaining valid records. Proper completion and filing of this form can help prevent disputes regarding authority and ensure that all corporate actions are duly authorized. This form serves as a vital tool for corporate record-keeping and can facilitate smoother interactions with government entities and other stakeholders.
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FAQ

What's included in a corporate resolution? Legal company identification. Company legal name. Title and purpose of the resolution. Signatures of the individual(s) designated to sign resolutions (typically a chairman) List of board members present at the meeting. Date, time, and location of a board meeting.

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.

RESOLVED, that the Board of Directors is hereby authorized and approved to authorize and empower the following individual to make, execute, endorse and deliver in the name of and on behalf of the corporation, but shall not be limited to, any and all written instruments, agreements, documents, execution of deeds, powers ...

(b) SBA Form 652, a certification by the concern you are financing that it will not illegally discriminate (see part 112 of this chapter).

Steps to Write a Corporate Resolution Write the Company's Name. Indicate Further Legal Identification. Include Location, Date, and Time. List the Board Resolutions. Sign the Document and Write the Document.

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.

SBA Form 160, Resolution of Board of Directors is a form issued by the Small Business Administration (SBA) and filed with SBA Business expansion loans including direct, guaranteed or participation loans.

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Official Resolution Form For Sba In North Carolina