Annotate Legal Maryland LLC Resolutions Forms For Free

LLCs don't require corporate resolutions for major decisions. LLCs don't have shareholders, a board of directors, board meetings, or need to be board accountable like corporations. An LLC can even be a single individual.

A resolution of managers of LLC is an official decision adopted by those who run a limited liability company. This business entity is similar to a corporation, but offers specific tax and legal benefits, as well as management flexibility.

An LLC member resolution is the written record of a member vote authorizing a specific business action. Formal resolutions aren't necessary for small, everyday decisions. However, they're useful for granting authority to members to transact significant business actions, such as taking out a loan on behalf of the LLC.

LLC authorization to sign is generally assigned to a managing member who has the authority to sign binding documents on behalf of the LLC. When signing, the managing member must clarify if the signature is as an individual or in their capacity to sign as the representative of the LLC.

Most LLC Resolutions include the following sections: Date, time, and place of the meeting. Owners or members present. The nature of business or resolution to discuss, including members added or removed, loans made, new contracts written, or changes in business scope or method.

Resolutions are usually single-page documents that include: the company name. the date the resolution was passed. a title that describes the action taken such as "resolution to open a checking account"