Corporate Resolution With Raised Seal In Arizona

State:
Multi-State
Control #:
US-0040-CR
Format:
Word; 
Rich Text
Instant download

Description

The Corporate Resolution with Raised Seal in Arizona is a formal document used by business corporations to record important decisions made by the board of directors. It encompasses details such as the issuance of common stock and the transfer of assets, ensuring that all transactions are properly authorized and documented. The form requires specific information, including the name of the corporation, the number of shares, and the consideration for each transaction. It must be completed by board members during a regular or special meeting and includes the directors' signatures and a raised seal for authenticity. The resolution serves as proof of corporate actions and decisions, making it essential for legal compliance and business operations. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this document to ensure that their corporate governance practices adhere to proper legal standards. This form is particularly useful when establishing share ownership or asset transactions, thereby helping to maintain clear records and protect the interests of the corporation and its stakeholders.
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FAQ

In short, your company can obtain a corporate seal, but in California and New York there is no legal or practical reason to do so.

Corporate seals are not a legal requirement for LLCs but serve as a formal symbol of authenticity on official documents. Customizing a corporate seal is an option for LLCs interested in traditional corporate formalities involving the company's name and incorporation details.

A Corporate Kit is a deluxe binder that houses the paperwork and company details you will need for a new corporation or LLC. In the future, your company's bank, accountant, potential buyer and/or prospective investors may request access to your Corporate Kit.

Quick Summary. Corporate seals are not a legal requirement for LLCs but serve as a formal symbol of authenticity on official documents.

A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.

State corporation statutes continue to authorize corporations to adopt and use corporate seals. But do you really need one for your company? In California and New York, the answer is clearly “no.”

A corporate seal is no longer required by LLCs or Corporations and any state in the United States. Although both a corporate seal and official stock certificates were once required for corporations, like spurs on a boot, these remnants of the past are no longer functional or relevant.

Must include the specific date and time when the board met to pass the resolution. Must authorize a specific person or persons by name and title. Must include the types of contracts and agreements the specific individual or individuals can execute on behalf of the corporation.

A corporate seal is not a mandatory part of registering a corporation, so you are not provided with a corporate seal by the Secretary of State. Instead, you can obtain one at an office supply retailer. Design your corporate seal. It is up to you to design your corporate seal.

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Corporate Resolution With Raised Seal In Arizona