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An LLC Corporate Resolution Form is a document that describes the management and decision-making processes of the LLC. While LLCs are generally not required to draft a resolution form, it is highly beneficial and important for all businesses to draft corporate resolutions.

A corporate resolution that authorizes borrowing on a line of credit is often referred to a borrowing resolution. This resolution indicates that the members (LLC) or Board of Directors (Corporation) have held a meeting and conducted a vote allowing the company to borrow a specific loan amount.

Unlike corporations, LLCs don't need to file business resolutions with the state. Single-member LLCs (SMLLCs) can also use business resolutions, even though there is no chance of disagreement among the members. Some LLC corporate resolution examples are: Protect the SMLLC in a lawsuit by leaving a legal paper trail.

Other major decisions that might require resolutions include buying or selling real estate, accepting additional stakeholders, issuing new stock, amending bylaws (i.e., the rules that govern a corporation's operating procedures), taking out a loan, hiring or firing C-suite executives, approving SEC filings, registering ...

The purpose of a corporate resolution form in Florida is to document important decisions made by the corporation's board of directors. This form is used to record corporate actions such as the appointment of officers, adoption of bylaws, changes in corporate structure, and the authorization of major transactions.

I, (name), certify that I am the Sole Member of ______ (name of LLC), a Limited Liability Company (?LLC?) organized under the laws of (state), Tax Identification Number , engaged in business under the trade name of (if different from legal name), and that the resolutions on this document are a true and correct copy of ...