Capital Contribution Resolution In Franklin
State:
Multi-State
County:
Franklin
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Franklin is a formal document used by corporations to record the decisions made by the Board of Directors regarding the issuance of common stock in exchange for capital contributions. It outlines the specific amounts of money or assets being contributed by shareholders, which are then acknowledged as sufficient for the issuance of shares. The resolution must be adopted during a Board meeting, and it requires the signatures of the directors involved. The form provides sections to detail the names of contributors, the number of shares issued, and the consideration given for the shares. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it guides them through the formalities of capital contributions, ensuring compliance with corporate governance standards. Clear instructions are included for filling out the form, making it accessible even for users with limited legal experience. Specific use cases include consolidating contributions from partners, documenting investment decisions, and providing a formal record for tax and administrative purposes.
Free preview
