The Massachusetts Resolution Regarding Corporate Name Change, also known as a Corporate Resolution, refers to a formal decision made by a corporation registered in Massachusetts to change its existing name. This resolution is an important legal document used to document the decision-making process and ensure compliance with the state's laws and regulations. To begin the process of changing the corporate name, a Massachusetts corporation must hold a meeting and pass a resolution approving the name change. The resolution should clearly state the current name of the corporation, the proposed new name, and the reasons for the change. The resolution must be adopted by a majority vote of the corporation's board of directors or shareholders, depending on the corporation's bylaws. The Massachusetts Resolution Regarding Corporate Name Change outlines the procedures to be followed throughout the name change process. It may include the requirement to file an amendment to the corporation's articles of organization with the Massachusetts Secretary of the Commonwealth, which officially reflects the new name change. This amendment typically includes the corporation's current name, the new name, and a statement of the majority vote approving the name change. Additionally, the resolution may specify other necessary steps, such as notifying the Internal Revenue Service (IRS), updating licenses and permits, updating corporate documents, and informing relevant stakeholders, including customers, vendors, and employees. It is crucial to ensure compliance with all legal and regulatory obligations during and after the name change to avoid any potential complications or disputes. Different types of Massachusetts Resolutions Regarding Corporate Name Change may exist, such as resolutions specific to different types of corporations. For instance, there can be separate resolutions for business corporations, non-profit corporations, professional corporations, or other entities operating under different statutes or regulations in Massachusetts. The specific requirements and procedures outlined in the resolutions may vary depending on the type of corporation and the specific laws governing them. In conclusion, the Massachusetts Resolution Regarding Corporate Name Change is a formal document that outlines the decision-making process and procedures for a corporation to change its name. This resolution ensures compliance with Massachusetts laws and regulations and typically involves filing an amendment to the articles of organization and notifying relevant stakeholders. Different types of resolutions may exist based on the type of corporation and the applicable statutes.
Massachusetts Resolution Regarding Corporate Name Change - Corporate Resolutions
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Board resolutions should be written on the organization's letterhead. The wording simply describes the action that the board agreed to take. It also shows the date of the action and it names the parties to the resolution.
Board resolutions should be written on the organization's letterhead. The wording simply describes the action that the board agreed to take. It also shows the date of the action and it names the parties to the resolution.
The President and Secretary only need to sign when the resolution is certified. But they can sign an uncertified board resolution as well, but it is not required.
Examples of Actions that Need Corporate ResolutionsApproval of new board members and officers.Acceptance of the corporate bylaws.Creation of a corporate bank account.Designating which board members and officers can access the bank account.Documentation of a shareholder decision.Approval of hiring or firing employees.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 is a document that formally records the important binding decisions into which a company enters. These decisions are made by such stakeholders as the corporation's managers, directors, officers or owners.
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.
Primarily a board resolution is needed to keep a record of two things: To record decisions concerning company affairs (except for shares) made in the board of directors meeting. This is also known as a board resolution. To record decisions concerning company equity made by shareholders of the corporation.
Special resolutions - also known as 'extraordinary resolutions' - are needed for more important decisions or those decisions affecting the constitution of a company. These require at least 75% of the shareholders or directors to agree - and in some situations as much as 95%.
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Search Option For Current Business Title If your company business name is different from the name that you use as your company name you need to check the name can be registered as a trademark To be registered as a trademark requires two things, that is first the name must have been used on goods or services, and second the name must register on the National Register of Trademark Names. To obtain or renew a trademark you must submit the mark application and pay the applicable fees. Before you can use the trademark you must have proof of its registration, and the fee. If you have filed the trademark application prior to February 1, 1998, the fee is 30, but the fee changes on February 1, 1998. To make a claim of registration, you must provide the USPTO with a completed Application for Registration of a Trademark and Federal Register Number, and a complete set of the marks that you are using in your trade.
