- Product Details
Further Questions?
Corporate Resolutions record the major decisions taken by the corporation's Shareholders or Board of Directors during a meeting.
While not always required, it is a good idea to record your actions in the form of Corporate Resolutions because Resolutions show third parties that the actions were taken by, and on behalf of, the corporation.
Some Corporate Resolutions may be passed only by the Shareholders; others, only by the Board of Directors. Some must be passed by both groups.
As a general rule all records, resolutions and minutes of your corporation should be kept in your Corporate Minute Book for a period of no less than six years.
This is a good idea because sometimes a Shareholder will want to inspect the corporate books and records to ensure the corporation is being run in its best interests. It is probably wise to retain these records for a longer period should anyone ever challenge the actions of the Board of Directors.
