Borrowing

 Minutes regarding Borrowing Funds
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Control #:
US-00068
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Description

These consent minutes describe certain special actions taken by the Board of Directors of a corporation in lieu of a special meeting. It is resolved that the president of the corporation may borrow from a bank any sum or sums of money he/she may deem proper. The minutes also state that the bank will be furnished with a certified copy of the resolutions and will be authorized to deal with the officers named within the document.

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FAQ

Can an LLC borrow money from a bank?

Can my LLC loan me money?

What should a resolution include?

Can I borrow from my limited company?

What is resolution to borrow?

How do I borrow money from my LLC?

Can I borrow money from my company?

Can you loan yourself money from your business?

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