The Virginia Resolution Regarding Corporate Name Change is a type of corporate resolution that is specific to the state of Virginia and pertains to companies seeking to change their legal business name. It is an official document that indicates the intent of the company to modify its current corporate name and provides the necessary actions to be taken in order to effectuate this change. This resolution includes various details and requirements, such as the current legal name of the corporation, the proposed new name, and the reasons for the name change. It may also include additional information, such as the effective date of the name change, any necessary approvals or authorizations from shareholders or members, and the steps to be taken to update legal paperwork, contracts, licenses, permits, and any other official documents. It is important to note that there may be different types of Virginia Resolutions Regarding Corporate Name Change depending on the specific circumstances or requirements of the company. For example, if the company is a stock corporation, it may require the approval of the board of directors and shareholders to proceed with the name change. On the other hand, if the company is a non-stock corporation, the approval of the board of directors and members may be needed. Another type of corporate resolution related to name change is a Special Resolution. This resolution is typically required when the company's articles of incorporation or bylaws specify certain procedures or conditions that need to be met for a name change to take place. This may involve obtaining a specific percentage of votes or a super majority approval from shareholders or members. Regardless of the specific type of resolution, a Virginia Resolution Regarding Corporate Name Change acts as a formal and legal declaration of the company's intention to change its name. It outlines the steps and procedures to be followed in order to successfully complete the name change and ensures compliance with state laws and regulations.