Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Official Resolution Form For S Corporation In Mecklenburg
State:
Multi-State
County:
Mecklenburg
Control #:
US-0036-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
One major advantage of an S corporation is that it provides owners limited liability protection, regardless of its tax status. Limited liability protection means that the owners' personal assets are shielded from the claims of business creditors—whether the claims arise from contracts or litigation.
Typically, a board of directors will create corporate resolutions and sign them at a board meeting. Before the meeting, all board members should receive a meeting agenda that includes any decisions or actions to be resolved. Resolutions must follow a format approved by the state where the business is registered.
Corporate resolutions are necessary business documents for corporations, whether they be for-profit or nonprofit. Limited liability companies (LLCs) are not required to create corporate resolutions, but oftentimes do so in order to document their decisions in a formal way.
Additionally, your S corporation must hold an organizational meeting (initial meeting of directors) where you adopt bylaws and undertake other initial corporate actions (such as appointing officers and approving a resolution to open a business bank account).
Typically, corporations require these documents when an agreement between the owners and the board may enable business transactions and decisions.
Filing as an S Corp in North Carolina Step 1: Choose a Business Name. Step 2: Appoint Directors and a Registered Agent. Step 3: File Articles of Organization. Step 4: Create an S Corp Operating Agreement. Step 5: Apply for an Employer Identification Number. Step 6: File Form 2553 for S Corporation Election.
C Corporations, C Corporations that elect to be taxed as S Corporations, and other types of corporations use corporate resolutions. Limited Liability Companies (LLCs) or Limited Partnerships might also be required to issue resolutions to record their owners' (members or partners) decisions and actions.
Essentially, a board of directors must use a corporate resolution to document all corporate actions, which creates accountability for the board's decisions. A corporate resolution is considered a binding document, so it's stored in the corporate records book after the board members sign it.
Dissolving an LLC in North Carolina involves five essential steps: Vote to formally dissolve the LLC. Wind up all business operations and affairs. Notify creditors, claimants, and vendors about the dissolution. Settle final tax liabilities. File articles of dissolution with the NC Secretary of State.
File the appropriate form with the Corporations Division of the Secretary of State by mail, online or in person. Your company may also prepare your own Articles of Dissolution, instead of using the state forms.