Replace Text In Legal Alaska LLC Resolutions Forms For Free

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.

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.

Who can sign documents on behalf of an LLC? All members (owners) of the LLC have the authority to sign on behalf of the entity as "authorized representatives" by default. However, you can take proactive steps to limit or expand the list of authorized representatives.

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.

An authorized signatory is a person allowed to act on behalf of your business, and their name is stated in your official business/company records. Sometimes there can be more than one authorized signatory, so two or more persons need to provide their signatures. Was this article helpful?