Corporate Resolution

A Corporate Resolution is a formal written statement created after a board of directors meeting that documents decisions approved by the board. These resolutions are used to authorize significant actions such as opening bank accounts, signing contracts, purchasing real estate, or appointing officers. The resolution typically includes the date of the meeting, a quorum statement, the specific action authorized, and signatures of board members. It serves as official proof of corporate authorization and is often required by banks, lenders, and other third parties.