Corporate Resolution With Raised Seal In Washington

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

Description

The Corporate Resolution with Raised Seal in Washington is a formal document utilized by corporations to formally record decisions made by their Board of Directors. This resolution typically addresses significant corporate actions, such as the issuance of common stock, signifying the authority granted to the President and Secretary to enact these decisions. The document includes sections for detailing names, number of shares, and considerations for stock issuance, ensuring transparency and compliance with corporate governance standards. Users should fill in the required details accurately, and it's advisable to have the document notarized with a raised seal for authenticity. Key use cases include authorizing stock issuance to investors or compensating employees with equity. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it not only helps in maintaining corporate records but also assures compliance with state regulations. Properly executed, it serves as evidence of corporate authority in transactions, facilitating smoother business operations.
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FAQ

Because corporate resolutions are subject to state laws, it's vital that they are legally compliant. You can get started creating your corporate resolution with the help of a qualified attorney. A legal professional can ensure that you include all the necessary components and let you know if you need to make revisions.

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.

In California, the decision to use a corporate seal is entirely optional, as it is not a legal requirement for businesses. ing to California Corporations Code section 207(a), corporations have the flexibility to adopt, use, and even alter a corporate seal as they see fit.

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.

Since the legal requirement for seals was abolished in 1989, we don't see them around much anymore. However, some businesses still like to use them, especially if they are conducting business abroad or if they wish to exude an air of old-world authority.

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.”

There are alternatives to a corporate seal for official documentation. ing to state corporation laws, authorized signatures, digital signatures, or embossed stamps can be used as substitutes. These alternatives have legal validity and are recognized as acceptable alternatives to a traditional company seal.

However, a seal could also take other forms, such as the word “seal” placed between brackets after a signature, or the letters “L.S.” (short for locus sigilli, meaning in “the place of the seal”) adjacent to the contracting parties' signatures.

Corporate seals in the past were imprinted on wax upon a document. As time passed, rubber stamps were preferred and today, most corporate seals are embossed upon a document. Although no longer required, the corporate seal still retains a sense of authenticity and a mark of identity for a corporation.

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Corporate Resolution With Raised Seal In Washington