The Rhode Island Resolution Regarding Corporate Name Change is a legal document that outlines the process and requirements for a corporation to change its registered name in the state of Rhode Island. This resolution is considered a type of corporate resolution, which is a formal decision made by a corporation's board of directors or shareholders. The resolution includes various important details and steps that need to be followed in order to successfully change the corporate name. It explains the reasons or justifications for the name change and provides a clear timeline for the process. Some key elements typically covered in the Rhode Island Resolution Regarding Corporate Name Change include: 1. Identification of the corporation: The resolution starts by identifying the specific corporation for which the name change is being sought. This includes providing the current legal name of the corporation and its unique identification number or identifier. 2. Reasons for the name change: The resolution should provide a clear explanation of the reasons for the desired name change. This could include rebranding efforts, mergers or acquisitions, expanding into new markets, or rectifying any conflicts with existing trademarks or registered names. 3. Proposed new name: The resolution specifies the new name that the corporation intends to adopt. The proposed name should comply with Rhode Island's regulations for corporate names, ensuring that it is not misleading or too similar to any existing business names. 4. Approval process: The resolution outlines the procedures and steps required for the approval of the name change. This may include obtaining the necessary consents, authorizations, or approvals from the board of directors, shareholders, or state regulatory bodies. 5. Filing and documentation: The resolution specifies the required paperwork and forms that need to be completed and submitted to the appropriate government agencies. This typically includes filing a Certificate of Amendment with the Rhode Island Secretary of State, providing the details of the new name and any supporting documents, such as a certified copy of the board resolution approving the name change. 6. Effective date: The resolution establishes the effective date of the name change, which is the date from which the corporation's new name will be legally recognized. Different variations of the Rhode Island Resolution Regarding Corporate Name Change may exist, depending on the specific circumstances or requirements of the corporation. For example, there could be resolutions specific to nonprofit corporations, foreign corporations, or different types of business entities. However, the general principles and elements mentioned above typically apply to most corporate name change resolutions in Rhode Island.
Rhode Island Resolution Regarding Corporate Name Change - Corporate Resolutions
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Examples of Actions that Need Corporate ResolutionsApproval of new board members and officers.Acceptance of the corporate bylaws.Creation of a corporate bank account.Designating which board members and officers can access the bank account.Documentation of a shareholder decision.Approval of hiring or firing employees.More items...
A corporate resolution helps the corporation to remain independent from its owners by ensuring that the decisions made by the board and the corporate executives do not create a conflict of interest with the owners.
Step 2: Filing Your Rhode Island Fictitious Business Name StatementOption 1: File Online With Rhode Island's Business Services Online Filing System.Option 2: File the Fictitious Business Statement by Mail.Cost: $50 Filing Fee.Mailing Address: Division of Business Services. 148 W. River Street. Providence, RI 02904-2615.
You can amend your Rhode Island LLC by filing Articles of Amendment to Articles of Organization with the Rhode Island SOS. You can download the form on the SOS website. Fill out the amendment form and submit it to SOS by mail or in person. You do not need original signatures on your amendment.
Elements of a Certified Board ResolutionExplanation of the action being taken by the board of directors and the reason for doing so. Name of the secretary. Legal name of the corporation and state of incorporation. Names of the board of directors voting for approval of the resolution.
Primarily a board resolution is needed to keep a record of two things: To record decisions concerning company affairs (except for shares) made in the board of directors meeting. This is also known as a board resolution. To record decisions concerning company equity made by shareholders of the corporation.
Special resolutions - also known as 'extraordinary resolutions' - are needed for more important decisions or those decisions affecting the constitution of a company. These require at least 75% of the shareholders or directors to agree - and in some situations as much as 95%.
Register Your Business with the State of Rhode IslandGather required information. Name of Company.Get proof of good standing or legal existence.Register your business.Register with the RI Division of Taxation.Confirm your filing.
A resolution might outline the officers that are authorized to act (trade, assign, transfer or hedge securities and other assets) on behalf of the corporation. The resolution would outline who is authorized to open a bank account, withdraw money, and write checks.
Mail filings: In total, mail filing approvals for Rhode Island LLCs take 2 weeks. This accounts for the 2-3 business day processing time, plus the time your documents are in the mail.
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