Corporate Resolutions/Authorizations
A corporation, LLC or other business entity may need a written resolution to:
- Open business bank accounts
- Authorize signers on bank accounts
- Rent a safe deposit box
- Approve a contract
- Adopt a fictitious business name
- Approve a lease
- Purchase property
- Ratify an employee's authority
- Ratify an employee's act
- Ratify an employee's contract
- Approve the disbursement of funds
- Make a tax election
- Authorize an audit or review
- Select a tax year
- Amend the Bylaws or Articles
- Approve a hiring
- Approve a compensation adjustment or bonus
- Rescind an employee's authority
- Sell property
- Approve a business transaction between the business and an insider
- Waive a conflict of interest
- Approve a loan
- Borrow funds
- Approve an acquisition
- Adopt a pension or retirement plan
- Authorize a cash dividend
- Issue stock for cash
- Issue stock for property or services
- Adopt a trademark
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