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A board resolution is sometimes also called a corporate resolution. It's a formal document that solidifies in writing important decisions that boards of directors make. Boards usually write up board resolutions when they appoint new directors to the board.

DEFINITION OF RESOLUTION: Resolution is a decision or agreement mane by the directors and shareholders of the company.After passing a resolution company is bound to act according to it. A resolution is a formal way in which a company can note decisions that are made at a meeting of company members.

Corporate resolutions are usually required to open bank accounts, execute contracts and lease equipment or facilities.Write the Name of the Company.State at the top of the page, the governing body and the legal name of the organization making the corporate resolution.Add Further Legal Identification.More items...

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.

A corporate resolution is typically found in the board meeting minutes, although its form and structure can vary.

The following types of decisions require corporate resolutions:Approve new board members.Hire C-level officers.Formally accept the company's articles of incorporation and corporate bylaws.Approve changes to the corporate bylaws.Issue new shares of stock.Buy or sell business property.Set up a business bank account.More items...?

How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top.Form a title of the resolution that speaks to the issue that you want to document.Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items...?