Resolution of Board of Directors
Consent to Action Without Meeting
What is a Corporate Resolution?
A Corporate Resolution is the record of any major decision made during a meeting by shareholders or a board of directors. Corporate 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 used when the company decides to hire employees, sell shares, purchase an existing patent, or when any other big decisions are made.
Corporate Resolutions serve as important compliance documents and give your company a concrete record of the choices your directors or shareholders have made.
When can you use a Corporate Resolution?
- You need to record a decision made at a board of directors meeting.
- You want to document a decision made by shareholders of a corporation.