As a business owner, you need to have corporate documents.
The rules and regulations of a corporation are determined in their bylaws. Corporate bylaws are guidelines for the way you'll structure and run your corporation.
The bylaws also define the structure of the business, its purpose, how the corporation will run its affairs, and the duties and responsibilities of those involved.
Resolutions can be used for many things, and the bylaws often require resolutions for certain tasks or decisions. For example, a resolution might be used by the corporation to decide they are opening a bank account, authorizing spending, or authorizing the reimbursement of purchases. Maintaining bylaws, using resolutions when required, and having annual shareholder and director meetings are important steps to keep your corporation in compliance.
Examples of resolutions:
- Resolution to open a corporate bank account
- Resolution to amend the corporate bylaws
- Resolution authorizing the reimbursement of travel expenses
At BizStarter, we will prepare your corporate bylaws are tailored just for your needs. Just order now or contact us if you have any questions.