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.
Virginia Resolution Regarding Corporate Name Change - Corporate Resolutions
Description
How to fill out Virginia Resolution Regarding Corporate Name Change - Corporate Resolutions?
Are you in a situation where you require paperwork for either business or personal purposes almost every day.
There are numerous legal document templates accessible online, but finding ones you can rely on is not easy.
US Legal Forms provides a vast array of form templates, such as the Virginia Resolution Regarding Corporate Name Change - Corporate Resolutions, designed to comply with federal and state regulations.
Once you find the appropriate form, click Get now.
Select the pricing plan you want, fill out the necessary information to create your account, and pay for the order using your PayPal or credit card.
- If you are already familiar with the US Legal Forms website and have an account, simply Log In.
- After that, you can download the Virginia Resolution Regarding Corporate Name Change - Corporate Resolutions template.
- If you don't have an account and need to start using US Legal Forms, follow these steps.
- Search for the form you need and ensure it's for the correct city/state.
- Use the Review button to examine the form.
- Check the details to confirm that you have chosen the correct form.
- If the form isn't what you're looking for, utilize the Search bar to find the form that suits your needs.
Form popularity
FAQ
Backdating that is, giving retroactive effect to directors' resolutions has long been a common and useful corporate-housekeeping tool. If all backdating is illegal, then a lot of well-intentioned board members could be in trouble. Fortunately, most backdating is not illegal.
It can be prosecuted and punished (often with fines) if it violates the law. The chief advantages are that it can exist indefinitely, beyond the lifetime of any one member or founder, and that it offers its owners the protection of limited personal liability."
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.
A corporate resolution helps the corporation to remain independent from its owners by ensuring that the decisions made by the board and the corporate executives do not create a conflict of interest with the owners.
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.
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.
Three forms of resolutions are available: ordinary resolution, special resolution, and unanimous resolution. There is no concept of special resolutions in Board meetings, and very few unanimous resolutions are also required. However, all three are covered in the case of general meetings.
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%.
Most corporate resolutions are created and signed at a corporate board meeting. Here's a typical process: The agenda for a board meeting is created before the meeting and sent to all board members, and the item to be resolved is included on the agenda.
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...
Interesting Questions
More info
News Tips & Ideas, Suggestions and Issues New for June 2018 What is Web-Based Tax Preparation? Web-Based Tax preparation is the process of entering data into a tax return or filing it online. The information you enter is searched against the Federal Tax Database (FTD). Entering information you put together manually, like your W-2, is tedious work that takes a long time. The FTD can help you quickly find your data through the name, address and the TIN of the business in question, without the need for a search engine. You enter your information into a web-based software so that you can search this information directly from your computer. You can use this software when your regular tax preparation software is not able to find your data. If you have additional questions please contact a local Tax Preparation Specialist office, they are available from 8am — 4:30pm Monday – Friday. Do I need to have a computer? No computer is required.
