Keep a record of important decisions: Board Resolution

A Board Resolution is a way of documenting a decision made by a business' Board of Directors on behalf of the business. The business might decide to extend a loan to another business, or to vote another officer onto the Board. After the resolution is made during a meeting, a Board Resolution document is typically used to get the specifics of the resolution in writing.

Board Resolutions can cover a wide variety of actions. Commonly, they are written when a new member of board is voted in, but they can also be created when the company wants to hire employees, sell shares of the corporation, purchase an existing patent, among other big decisions. They serve as important compliance documents as well as giving your company a concrete record of the choices your directors or shareholders have made.

Generally, Board Resolutions do not need to be submitted to a government agency, oversight body, or anything of the sort. They should be kept with your books so you can furnish them if, for example, an important board member wants to know what actions the board took. Board Resolutions can be kept with your Meeting Minutes and are treated as legally binding decisions made by your business.

• You want to document a decision made by members of a business' board of directors.

Whether you're preparing your Board Resolution, reviewing one someone sent you, or just want to understand it better, here's how to get help.

• Understand what it says or review it. Use our AI legal assistant to ask questions about your Board Resolution, understand what it says, and spot anything that may need a closer look.
• Ask an attorney a question. Connect with an attorney for legal information, with a written answer within one business day or a live consultation.
• Get advice on what to do. For privileged, confidential advice about your specific circumstances and next steps, book a Legal Advice Session with an attorney.

Many business owners choose to register their LLC after creating their Board Resolution. If that’s your next step, Rocket Lawyer can help you get started. You can begin your LLC registration in minutes, starting at $0* with a Rocket Lawyer membership (excluding state fees).

Register your LLC now

^{*The first business registration free offer excludes government and third-party fees and requires a current Rocket Lawyer membership. The offer applies to the first LLC, corporation, or nonprofit registration per customer. Additional registrations are $99.99 each. Terms and conditions apply.}