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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