Corporate Resolution Form

A Corporate Resolution is a legal document that records the decisions made by a corporation's board of directors or shareholders.

This Corporate Resolution document authorizes the company to take specific actions. This can include:

• Opening bank accounts
• Appointing officers
• Approving contracts

This document helps your corporation properly document decisions.

Benefits of a Corporate Resolution

A Corporate Resolution helps make sure that your corporation complies with state law. It also reassures third parties like banks or investors that actions are properly authorized.

Specifically, by using a Corporate Resolution, you will get:

• Accountability
• Legal proof of authority
• Organized records
• Liability protection
• Smoother business operations

Below, you can review a Corporate Resolution example. It can help you understand what needs to be included in your document.

It’s important to draft your Corporate Resolution form clearly and professionally. Follow these steps to write your document:

1. Mention the corporation: Include the company’s legal name and state of incorporation.
2. Record meeting details: Specify the date, time, and location of the meeting or written consent.
3. State the purpose: Use “Whereas” clauses to explain the background or reason for the resolution.
4. Write the action: Add “Resolved” clauses outlining the decision being approved.
5. Confirm consent: Indicate that the required number of directors or shareholders approved.
6. Add signatures: Make sure all the officers or the secretary sign and certify the resolution.

You can also use our Corporate R## When Is a Corporate Resolution Required?

Corporations need a Corporate Resolution Letter when they formally approve and record an important decision.

Below are some of the typical moments when you may need this document:

When Is a Corporate Resolution Required?

Banks often require a Corporate Resolution before:

• Opening or closing a business account
• Approving loans
• Authorizing credit

This gives the institution written proof that the board or shareholders officially approved the transaction.

Corporate Resolution Signing Authority

A resolution is used to grant signing authority to specific officers or directors. It can record who can sign:

• Contracts
• Checks
• Other binding documents

This helps prevent unauthorized actions.

Stock and Ownership Decisions

A Corporate Resolution may also be used to:

• Issue or transfer shares
• Approve dividends
• Admit new investors

It creates a formal record of decisions that affect company ownership or shareholder rights.

Major Business Actions

Resolutions are also used for major decisions that affect the business like:

• Mergers
• Acquisitions
• Property purchases or sales
• Changes to corporate bylawssolution template to help you create this document in just a few minutes.

Once it’s ready, we recommend having a legal professional review it. You can then store your Resolution in the corporation’s records for future reference.

Difference Between Corporate Resolution and Member Resolution

Both a Corporate Resolution and a member resolution indicate formal business decisions. The key difference lies in who authorizes them:

It’s important to draft your Corporate Resolution form clearly and professionally. Follow these steps to write your document:

1. Mention the corporation: Include the company’s legal name and state of incorporation.
2. Record meeting details: Specify the date, time, and location of the meeting or written consent.
3. State the purpose: Use “Whereas” clauses to explain the background or reason for the resolution.
4. Write the action: Add “Resolved” clauses outlining the decision being approved.
5. Confirm consent: Indicate that the required number of directors or shareholders approved.
6. Add signatures: Make sure all the officers or the secretary sign and certify the resolution.

You can also use our Corporate Resolution template to help you create this document in just a few minutes.

Once it’s ready, we recommend having a legal professional review it. You can then store your Resolution in the corporation’s records for future reference.

Difference Between Corporate Resolution and Member Resolution

Both a Corporate Resolution and a member resolution indicate formal business decisions. The key difference lies in who authorizes them:

There are other business documents that you can use in similar situations. Manage your company, corporation, or other type of business with the following agreements and documents:

• LLC Operating Agreement
• Corporate Bylaws
• Articles of Incorporation
• Shareholder Agreement
• Joint Venture Agreement