Form with which a corporation may resolve to authorize an officer or representative to loan a specific amount of funds to another party.
Corporate Resolution Example In Pennsylvania
State:
Multi-State
Control #:
US-0043-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Steps to Write a Corporate Resolution Write the Company's Name. Indicate Further Legal Identification. Include Location, Date, and Time. List the Board Resolutions. Sign the Document and Write the Document.
7 steps for writing a resolution Put the date and resolution number at the top. Give the resolution a title that relates to the decision. Use formal language. Continue writing out each critical statement. Wrap up the heart of the resolution in the last statement.
Must include the specific date and time when the board met to pass the resolution. Must authorize a specific person or persons by name and title. Must include the types of contracts and agreements the specific individual or individuals can execute on behalf of the corporation.
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.
A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A board of directors is a group of people that act as a governing body on behalf of the shareholders of a company.
More info
Free template for a corporate resolution. Use our free form to formally document your corporation's resolutions to add to your corporate records.Free template for an LLC member resolution. Editable document you can use to formally record member resolutions for your limited liability company. You can use this form to document the authority to a person or persons within an established incorprated company to sell and. Each document on 360 Legal Forms is customized for your state. Preparation of Initial Organizational Resolutions based on your preferences about the way you are going to run your company. After a Corporate Resolution is signed, file it alongside all other resolutions and formal documents in the corporation's minute book. How should the Corporation name be filled out? The registered corporate name should be used and not the trade name.