Draft Company Resolution For Free

A resolution is a formal way in which a company can note decisions that are made at a meeting of company members. There are two types of resolutions: ordinary and special. Under the Corporations Act 2001, most of the decisions that affect a company need to be made by a resolution.

Board resolutions serve as compliance documents when there is a need to verify the choices that both shareholders and directors have made in regards to the company. These resolutions are often sent to agencies that need a record of the goings-on of a corporation such as government agencies or oversight committees.

By way of example, corporate resolutions are typically required in order for a company to open bank accounts, execute contracts, lease equipment or facilities, and many more situations where the corporation's ownership or directors must be in agreement in order to transact business.

How to Write a Resolution Format 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.

What are the basic rules for writing a resolution? Rule #1 Every resolution must have a title, ?whereas? clause(s) and ?resolved? clause(s) and carry the author's name(s). The title should be clear and concise and convey the general idea of the topic of the resolution.

A board resolution is drafted when the board wants a formal record of an issue they deem very important. In the event of non-compliance, the resolution acts as the official record to prove that the issue was discussed and agreed on.

A resolution consists of one, rather long, but nevertheless coherent, sentence divided into clauses and sub-clauses. Since delegates are pressed for time during the conference and need to study documents carefully, your draft resolution should not normally be longer than one side of a page.