The Georgia Increase Surplus Account — Resolution For— - Corporate Resolutions is a legal document used in the state of Georgia to authorize the increase of a surplus account within a corporate entity. This resolution form is typically utilized by corporations, both small and large, in order to comply with the legal requirements of increasing their surplus account. The purpose of the surplus account is to accumulate funds that are in excess of the company's stated capital or ownership interests. The surplus account acts as a buffer against potential losses and provides a source of funds for future investments, research and development, expansion, and other business needs. Increasing the surplus account is an important step for corporations in maintaining financial stability and ensuring long-term growth. The Georgia Increase Surplus Account — Resolution For— - Corporate Resolutions is designed to capture key information related to the corporate entity, such as its legal name, registered address, and federal employer identification number (VEIN). The form also includes spaces for the effective date of the resolution, as well as the exact amount by which the surplus account is to be increased. There are different types of Georgia Increase Surplus Account — Resolution For— - Corporate Resolutions that may be used depending on the specific circumstances of the corporation. These may include: 1. General Increase Surplus Account Resolution: This type of resolution form is used when a corporation decides to increase its surplus account without any specific restrictions or conditions. 2. Capital Contribution Increase Surplus Account Resolution: If the corporation plans to increase its surplus account by using capital contributions from shareholders or owners, a specific resolution form may be used to document this process. This type of resolution form may require additional information such as the names of shareholders or owners making the capital contributions and the amount contributed by each. 3. Retained Earnings Increase Surplus Account Resolution: If a corporation plans to increase its surplus account by using retained earnings from previous years, a separate resolution form may be used specifically for this purpose. This type of resolution form may require information related to the calculation of retained earnings, such as net income, dividends paid, and any other adjustments. In conclusion, the Georgia Increase Surplus Account — Resolution For— - Corporate Resolutions is a vital legal document used by corporations in Georgia to authorize the increase of their surplus account. The form captures essential information about the corporation and provides a clear record of the decision-making process. Different types of resolution forms are available depending on the specific circumstances, including general increase, capital contribution increase, and retained earnings increase resolutions.
Georgia Increase Surplus Account - Resolution Form - Corporate Resolutions
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How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top.Form a title of the resolution that speaks to the issue that you want to document.Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items...?
How To Write a Corporate Resolution Step by StepStep 1: Write the Company's Name.Step 2: Include Further Legal Identification.Step 3: Include Location, Date and Time.Step 4: List the Board Resolutions.Step 5: Sign and Date the Document.
A corporate resolution form is used by a board of directors. Its purpose is to provide written documentation that a business is authorized to take specific action. This form is most often used by limited liability companies, s-corps, c-corps, and limited liability partnerships.
A resolution can be made by a corporation's board of directors, shareholders on behalf of a corporation, a non-profit board of directors, or a government entity.
Types of Corporate Resolutions A resolution might outline the officers that are authorized to act (trade, assign, transfer or hedge securities and other assets) on behalf of the corporation. The resolution would outline who is authorized to open a bank account, withdraw money, and write checks.
All Resolved clauses within a resolution should use the objective form of the verb (for example, Resolved, that the American Library Association (ALA), on behalf of its members: (1) supports...; (2) provides...; and last resolved urges....") rather than the subjunctive form of the verb (for example, Resolved,
How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top.Form a title of the resolution that speaks to the issue that you want to document.Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items...?
The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.
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Opening Committee Initiative Measure No. 1 General Election, April 3, 2016, Background This petition requests recognition as the proposed initiative measure for November 8, 2016 (General Election) and seeks the support of the public for the implementation of the following ballot measure at the general election: • A one dollar tax on all retail sales (excluding alcohol) of beer and wine. • 10 million will go into the city's general fund, 10 million will go to the Atlanta Youth Commission, 10 million will go to the Atlanta Food and Water Authority, and 10 million will go to the Atlanta Streetcar Fund. • Total taxes generated by the tax are: 35 per year for each 100 of sales, up to a 1,050 cap, per adult, per year per person. The ordinance provides for a 30-day public comment period. The city staff will receive four public presentations on the proposed ordinance. The deadline for signatures is November 22, 2015.
