What Is a Board Resolution?
A Board Resolution is a formal document that helps to identify the roles of corporate offices and the result of any votes or decisions the board makes regarding the company. Usually, they are written when a new member is voted into the board. But they are also used when and/or if the company wants to expand, hire, or let go of a large amount of workers; sell shares; buy any form of intellectual property rights; and/or any other major decision that will affect the company in a significant way. Board Resolutions can be found in the board minutes, and provide an accurate record of decisions made at a board meeting.
Now that you understand what a Board Resolution is, you can create one of your own. We offer a quick, easy-to-use Board Resolution service that will allow you to customize and create your own Board Resolution paperwork in minutes.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
